Shortly after, the Australian Taxation Office ordered the company to enter liquidation.
Brashs collapsed (going into receivership in 1994 and in 1998),[3] and Allans Music was subsequently bought by private investors, including The Roland Corporation.
[5] All stores with the exception of Mona Vale (New South Wales), Shepparton (Victoria), and Darwin (Northern Territory) faced imminent closure.
In November 2019 Billy Hyde Music opened a 'super store' in Nunawading, Victoria, where it continues to trade.
In February 2025 the Adelaide store was compulsorily acquired for demolition for the North South Corridor.
The company started a closing down sale and planned to move to Adelaide CBD in March.