Angry customers demand ASIC investigation after Zone RV collapse

Millions lost as luxury caravan manufacturer fails to deliver on promises

Apr. 10, 2026 at 7:54am

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A close-up photograph of a shattered glass piggy bank, its fragments reflecting the harsh studio lighting, symbolizing the financial ruin experienced by Zone RV customers.The shattered dreams of Zone RV customers are symbolized by a broken glass piggy bank, a stark reminder of the need for stronger corporate accountability.Kansas City Today

The collapse of Zone RV, a luxury caravan manufacturer, has left a trail of angry customers who lost millions of dollars in the process. Customers are demanding an investigation by the Australian Securities and Investments Commission (ASIC) into the company's alleged misconduct, including claims that the former director continued trading while insolvent and personally repaid loans before the company's downfall.

Why it matters

This case highlights broader concerns about corporate accountability and the need for stronger regulatory oversight to protect consumers. The Zone RV collapse is seen as a microcosm of a larger trend of misconduct in the corporate landscape, raising questions about the effectiveness of bodies like ASIC in holding companies and their leaders responsible.

The details

According to reports, Zone RV's failure to deliver on its commitments has left many customers financially ruined, with their life savings invested in the company. The liquidators have alleged that former director David Biggar continued trading while insolvent and repaid himself personal loans from the company before its collapse, which is a clear breach of the Corporations Act.

  • Zone RV opened in 2015 and rapidly expanded, promising high-end caravans to retirees and other customers.
  • In early 2026, the company went into liquidation, leaving hundreds of customers without the caravans they had paid for.

The players

Zone RV

A luxury caravan manufacturer that went into liquidation in 2026, leaving customers with millions in losses.

David Biggar

The former director of Zone RV, who is accused of continuing to trade the company while insolvent and repaying himself personal loans before the collapse.

Australian Securities and Investments Commission (ASIC)

The federal regulatory body that customers are demanding investigate the Zone RV collapse and hold those responsible accountable.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee

What’s next

The federal treasurer, Jim Chalmers, has signaled his expectation for ASIC to step up its enforcement action in response to the Zone RV collapse. The appointment of Sarah Court as the new chair of ASIC is also seen as a positive development, but it remains to be seen whether this will lead to meaningful action to restore public trust.

The takeaway

The Zone RV collapse is a wake-up call for the need to strengthen corporate accountability and regulatory oversight. It highlights the fragility of consumer trust and the importance of ethical leadership in the business world. Moving forward, there must be a renewed commitment to protecting the rights of consumers and ensuring that those responsible for corporate misconduct are held to account.