Updated Jun 12, 2026 – 8.29am, first published at 8.13amUnsecured creditors of the Bluesfest music festival, owed more than $7 million, can expect a dividend of less than 11¢ in the dollar as a liquidator probes unusual transactions among a web of companies controlled by its founder.Peter Noble, the owner of Bluesfest, one of Australia’s largest music festivals, announced the festival’s cancellation three weeks before it was due to start in April, and placed two entities related to it into voluntary liquidation.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Bluesfest probed for unusual transactions
Creditors of the festival, owed more than $7 million, can expect less than 11¢ in the dollar back as a liquidator investigates transactions made by founder Peter Noble.
TL;DRAI
Bluesfest founder liquidated festival entities, leaving creditors owed $7M+ facing <11¢ dividend. Liquidator probe reveals unusual transactions in founder's network, exposing governance failures and fraud risks in event ventures.
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