The Australian business behind the famous backyard hills hoist clothesline has gone into administration.

The company went into administration on Friday, after losing a court case with one of it’s suppliers and needing to cough up $5.48M.

Neil Breen said on Brisbane Live that it’s sad news because the iconic clotheslines are “synonymous with Australia, even more synonymous with Queensland”.

Press PLAY below to hear more about how the business went bust

Image: iStock