Housing developer Bathla Group has halted construction and reduced its workforce to a skeleton crew after nearly all lenders withdrew their financial support.

Adelaide producer Heartland Wines has collapsed into administration after a report revealed a significant overvaluation of the company's wine inventory. The failure occurs amid a broader contraction in the Australian wine industry.

The collapse of GVI has left students without travel plans or financial recourse after the firm ceased operations. Conservation partners globally are also reporting significant shortfalls in expected funding.