In short:
Administrators for collapsed caravan company Australian Off Road have detailed fresh allegations against its directors.
asserted
Administrators → collapse → directors
Nearly 50 customers who paid for caravans that were not built are among the creditors owed $14 million.
What's next?
Administrators say AOR may have been trading insolvently since 2023.
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AOR → pay → 2023
A failed Queensland caravan manufacturer may have been trading while insolvent for three years, according to administrators, who say the company owes $14 million.
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company → fail → million
Australian Off Road (AOR) shut its doors in September after 26 years operating on the Sunshine Coast, becoming the second local van manufacturer after Zone RV to collapse within a year.
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Road → shut → year
Nearly 50 customers face losing $2.25 million after making progress payments toward caravans that were not built.
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that → face → caravans
They include Sandra Muller from NSW Southern Highlands, who stands to lose $101,000.
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who → include → 101,000
In a report to creditors on Tuesday night, administrators DVT McLeods detailed fresh allegations against directors Russell Evans and Steve Budden and said AOR may have been insolvent for more than three years.
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AOR → detail → years
Potential offences identified included insolvent trading, reckless or intentional dishonesty, failure to act in good faith, and improper use of position to gain advantage.
"
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offences → identify → advantage
We have a preliminary view that the company traded whilst insolvent from at least 30 June 2023," the report stated.
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report → have → June
Administrators also said AOR's creditor bill had grown to $14 million, up from $9 million estimated last month.
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bill → say → million
The administrators said further investigations were required and that the results would be reported to ASIC, the corporate regulator.
The ABC has attempted to contact Mr Evans and Mr Budden.
Director plots buyout
Mr Evans is one of two parties offering to purchase the company out of administration.
He has pitched to investors seeking $2 million to resurrect AOR in a move that could leave existing customers empty-handed.
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that → say → customers
It is legal for a director to buy and transfer a company's assets into a new business if the sale is approved by creditors.
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sale → buy → creditors
The ABC has seen an email from Mr Evans outlining his vision "to establish a new, financially disciplined premium off-road caravan manufacturing business".
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ABC → see → business
His proposal offered 20 cents in the dollar for the company's assets, while the existing company's debts would not carry across.
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debts → offer → assets
Mr Evans said the new business would have "a clean financial structure" and "a clear pathway to sustainable profitability and growth".
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business → say → profitability
Mr Evans's proposal detailed projected annual revenue of $11.3 million with production of 84 caravans, or seven a month.
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proposal → detail → caravans
The new venture would "create a new, low-cost and scalable caravan business", he wrote.
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he → create → business
Despite marketing itself as an Australian manufacturer and blaming imported Chinese vans for its demise, the ABC can reveal AOR was making chassis in China.
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AOR → market → China
A separate company with a factory north of Shanghai was established in 2025 to reduce AOR's production costs.
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company → establish → costs
The Chinese company is owed $518,000 but falls among the unsecured creditors.
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company → owe → creditors
Allegations detailed
AOR made a loss in three of the past four financial years, and had a negative asset position of $3 million when it collapsed, the creditors report stated.
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report → detail → million
Administrators engaged Argus Auctions to advertise the sale of the business or its assets.
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Administrators → engage → business
After receiving 200 enquiries, 20 parties signed non-disclosure agreements, with feedback that "stock was outdated and poorly managed" and there was a "lack of operational systems and structure".
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stock → receive → systems
Only two parties made offers to buy the company, including Mr Evans's proposal.
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parties → make → proposal
The administrators said they were investigating allegations that caravans fully paid for by some customers had been delivered to other people.
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caravans → say → people
The report noted the company's CCTV system ceased recording on September 9, the day the company stopped trading.
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company → note → September
"Due to the limited clarity and quality of the footage … we are unable to determine with certainty … whether any caravans were moved within or removed from the premises," the report stated.
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report → determine → premises
The administrators said they were "yet to receive a substantive response" from Mr Evans about the claims.
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they → say → claims
The report shows Mr Evans is claiming $67,000 in unpaid leave, while Mr Budden and his wife, Rhonda, are each owed $22,000 in holiday pay.
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Budden → show → pay
AOR is owed $165,000 by two companies and a trust related to the directors, and the administrators have issued letters of demand to repay the outstanding money.
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administrators → owe → money
The administrators recommended creditors vote to delay the next meeting to allow time to sell the business.
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creditors → recommend → business
"If the company was placed into liquidation, it is unlikely that there would be a distribution to the unsecured creditors [including customers]," the report said.
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report → place → customers
Administrators are claiming $283,000 for their services, more than 10 times their initial estimate.
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Administrators → claim → services
The Aporia