Latest News

Back to Latest News back

 

Blaming COVID’s impact Result Based Training faces liquidation

Blaming COVID’s impact Result Based Training faces liquidation
February 22, 2022

Result Based Training, which operates gyms in Victorian and Western Australia, has reportedly entered administration - blaming lockdowns, a downturn and the rise of online fitness training for its demise.

As reported by the ABC, Results Based Training's holding company went into liquidation on Friday.

Result Based Training's Operations Manager, Olivia Jones was quoted as saying "the strain was becoming physical and emotional. Everything was really very tough."

It was also reported that the group, several of whose entities went into administration in 2019, had been in conflict with QBE Insurance over a COVID-19 claim on its business interruption policy.

With insurance companies saying they never intended that such policies would cover the Coronavirus pandemic, a number of cases are before the Courts across Australia.

Asked if a payout by now would have prevented their liquidation, Jones stated "yes ... it would have effectively solved a number of the financial problems and would have allowed us to be able to rebuild. It is very disappointing."

However, in October, a test case of the matter in the Federal Court resulted in what was seen as a win for the insurance industry's position that it was not obliged to pay out COVID-related losses.

On Monday, an appeal into that matter was handed down in a long and complicated decision which largely upholds the October outcome.

While blaming COVID for the liquidation, the group's financial troubles appear to pre-date the pandemic. In 2019, several Result Based Training businesses including RBT Holding Co Pty Ltd, RBT Members Pty Ltd, RBT Leases Pty Ltd, RBT Combined Services Pty Ltd and Result Based Training Australia Pty Ltd entered administration.

Result Based Training founder and Managing Director Travis Jones has been contacted for comment.

Related Articles

14th February 2022 - Summit to deliver what fitness business owners need

3rd February 2022 - Border closures force Fitness and Wellness Australia show organisers to move event to June

25th January 2022 - Fitness Business Sales helps Speedfit achieve 33% growth

21st January 2022 - Evolt review of more than a million body scans shows national decline in health and fitness during the pandemic

17th January 2022 - Fitness Playground Entrepreneurs of the Year look to transform Australia’s fitness industry

16th January 2022 - Omicron spread the latest example of COVID-19’s negative impact on fitness clubs

24th December 2021 - Fitness businesses recognised at Business Australia’s Young Entrepreneurs of the Year Awards

30th November 2021 - PureGym study reveals weighted hula hoops and animal inspired HIIT among top fitness trends for 2022

8th October 2021 - Federal Court rules against business interruption insurance policy holders in test case on Coronavirus payouts

25th March 2021 - Victorian gym owner takes legal action against insurer for refusing Coronavirus compensation payout


Support our industry news service
We hope that you value the news that we publish so while you're here can we ask for your support?

As an independent publisher, we need reader support for our industry news gathering so ask that - if you don't already do so - you back us by subscribing to the printed Australasian Leisure Management magazine and/or our online news.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

AIS Water

AIS Water, the trading name of Australian Innovative Systems, is a multi-award winning, Australian owned leader in the design, production and supply of commercial and residential chlorine generators…

read more

Aquatics / Safety / Technology

 
 

Digonex

Digonex is a leading provider of customised dynamic pricing solutions to clients in arts and entertainment, sport, attractions, cultural institutions and retail sectors. Digonex’s technology is…

read more

Attractions / Entertainment / Sport / Technology / Ticketing

 
 

Exerp

Exerp is a global IT specialist in member management software for the fitness and leisure industry. By focusing on the needs of large enterprises, where streamlining, control and scalability are…

read more

Fitness / Technology / Wellness

 
 

APT Asia Pacific Pty Ltd

APT (Advanced Polymer Technology) is the leading global manufacturer of polyurethane-based materials, acrylic coatings and synthetic turf products for sporting and recreational applications. From…

read more

Environment / Sport / Surfaces / Technology

 
 

Active World

Since 2019, Active World's development team has been delivering a comprehensive single solution that caters to the diverse requirements of successfully operated and managed leisure centres. The…

read more

Aquatics / Billing / Fitness / Recreation / Technology

 
 

Chadson Engineering Pty Ltd

Australia’s leading manufacturer of horizontal and vertical media filters suited to all types of commercial pools, water playgrounds marine parks, aquaculture and zoos. They are an ideal…

read more

Aquatics / Technology / Waterparks

 
 

Ausfit

Ausfit began in 1992, providing software services to the health and fitness sector including ClubWise, a fully hosted web-based product which combines state of the art club management software,…

read more

Billing / Finance / Fitness / Technology

 
 

Ungerboeck Software

As of February 2023, Ungerboeck Software has rebranded as Momentus Technologies.

read more

Entertainment / Events / Hospitality / Technology / Venues

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business