The arts and culture sector reeled in shock when Carriageworks stepped into voluntary administration back in the first week of May 2020. Australia’s largest multi-arts precinct – and the first to topple during the pandemic – its doors had been closed since 23 March due to COVID-19.
However, the financial stability of Carriageworks was more complex than a virus pushback. The beleaguered institution owed more than $2 million to around 140 creditors according to documents made available to the Australian Securities and Investments Commission.
