CEO Ben Heaney.
He might have graduated from Hank De Jonge’s academy of pre-insolvency but a first class education in the opaque arts of business restructuring apparently did not equip Queenslander Ben Heaney with the skills necessary to avoid accumulating a surfeit of tax debt.
Last year Heaney and business partner Michael Durbridge resolved to change the name of their turnaround advisory, ReGroup Solutions Pty Ltd to VRA Walker Pty Ltd.
According to ASIC records the name change was effected on September 12, 2025 but neither Heaney or Durbridge indicate any such change has taken place on their Linked In profiles. Both still identify as being part of ReGroup.
Another change ASIC records attest to is the placing into liquidation last week of VRA Walker via creditors voluntary resolution.
Greengage Advisory’s John Chand was appointed liquidator and according to a RoCAP lodged with the regulator the only creditors are the ATO for $72,661; the Queensland Rural and Industry Development Authority (QRIDA) for $62,463.00 and Heaney for $285,499.00.
According to its website “QRIDA administers a range of low interest loans for primary producers, businesses and non-profit organisations to assist them grow and develop their businesses and deal with difficult circumstances such as disasters”.
Did ReGroup’s offices get flooded during Cyclone Alfred?
Apart from the size of his claimed debt the other significant difference with Heaney’s claim is that it is asserted to be secured.
We’ll have to wait for Chand’s first report for a chance at seeing what evidence if any Heaney provides to assert security.
Chand might also be able to shed light on when the entity formerly known as ReGroup Solutions ceased to trade and if VRA trading as ReGroup was conducting business for many months after the name change.
With the introduction of AML-CTF for accountants and lawyers effective 1 July 2926 fir Tranche 2 , it is likely that activities or reinforces advisers, where to relates to relevant transaction will become harder.