Connect East is the new toll road in Melbourne which opened a couple of weeks ago. On June 30, Bill Express announced that it’s merchants can accept Connect East account top ups. We heard at the Bill Express Creditors meeting on Friday that it appears the company was trading while insolvent well before this announcement was sent out. Bill Express collapsed just over a week later.
Our Forest Hill and Frankston newsagencies are well positioned to sell Connect East product. Unfortunately it is an opportunity we cannot act on. I approached Connect East two weeks ago and they advised that they will not review their top up situation for six months. I wish they would review this sooner.