Thoroughbred stud workers, stung by the financial woes of mining magnate Nathan Tinkler have kept their jobs, ahead of a deadline set by a liquidator.
Mr Tinkler's Patinack Farm Administration had until today to cover wages for 150 staff at its operations in the Hunter Valley, Sydney, Queensland and Victoria.
Tens of thousands of dollars in wages were outstanding and the Tax Office was owed more than $4 million.
Work Cover in South Australia and Queensland were also owed money, and took action last week in the South Australian Supreme Court to force Patinack into liquidation.
The liquidator, Anthony Matthews, says the company wants to preserve the employment of all staff and pay all its debts owing to creditors.
The ABC has been told all wages were processed today through one of the director's companies, but some staff entitlements may still be outstanding.
It is unclear how many creditors there are due to a lack of information.
The directors are now planning to make an application to terminate the winding up of the company, under s482 of the Corporations Act.