KPMG Appointed Voluntary Administrator of ASX-Listed TasFoods Group

Three KPMG Australia partners took control of ASX-listed TasFoods Limited and at least six of its subsidiaries on 11 March 2026, after the group's board concluded that voluntary administration was "the most appropriate way to restructure the group" following a failed attempt to sell its core Nichols Poultry business.

Tim Mableson, David Hardy and Emily Seeckts were appointed joint and several voluntary administrators under Section 436A of the Corporations Act 2001. The appointment, handled out of KPMG's Adelaide office, covers TasFoods Limited along with Nichols Hatchery Pty Ltd, Nichols Poultry Pty Ltd, Tasmanian Food Co. Dairy Pty Ltd, Van Diemen's Land Dairy Pty Ltd and JJJBSM Pty Ltd, with the full list of subsidiaries subject to administration to be confirmed from the complete ASIC appointment notice.

TasFoods filed a statement with the Australian Securities Exchange on 12 March confirming the appointment. The group is continuing to trade on a "business-as-usual basis" while the administrators assess their options, which include a going-concern sale, a recapitalisation, or asset sales. The first statutory meeting of creditors is scheduled for 23 March 2026.

According to the administrators' appointment notice, "the Administrators have commenced the administration process where they now control the assets, trading, and day-to-day operations of the Group, with the priority being to undertake an immediate assessment of the business and its operations to assess options and notify stakeholders of the appointment." Parties interested in acquiring or recapitalising TasFoods can contact the team directly at tasfoods@kpmg.com.au.

Mableson serves as KPMG's SA Clients and Markets Lead Partner in Deal Advisory and is the firm's national leader for the agriculture and wine sectors, making him a pointed choice to lead a restructuring of a Tasmanian food production group. The administration follows a period of portfolio reshaping at TasFoods: the company agreed to sell its Pyengana Dairy operation for A$2 million in September before the failed Nichols Poultry sale process pushed the board toward administration.

TasFoods, which was founded in 2015 and is backed by major shareholder Jan Cameron, co-founder of outdoor retailer Kathmandu, built its portfolio around what it described as Tasmania's natural advantages for food production. The group's inability to find a buyer for Nichols Poultry proved the breaking point for that strategy.

Employees affected by the administration may be eligible for assistance through the Fair Entitlements Guarantee. The appointment documentation also directs affected individuals to beyondblue, which provides confidential one-on-one counselling through its support line at 1300 22 4636, and to Lifeline, which offers phone crisis counselling at 13 11 14 Australia-wide and online crisis support chat between 7:00pm and 4:00am daily.