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KPMG Takes Control of Universal Biosensors Amid Financial Turmoil
8:41pm on Friday 29th of August, 2025 AEST
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Healthcare
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KPMG Takes Control of Universal Biosensors Amid Financial Turmoil
8:41pm on Friday 29th of August, 2025 AEST
Key Points
KPMG appointed voluntary administrators for Universal Biosensors Pty Limited
Directors’ powers suspended immediately under corporate law
Administrators to assess business viability and explore sale or recapitalisation
First creditors’ meeting scheduled for 29 August 2025
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