Liquidator facing 10 year ban seeks leave to appeal

Iannuzzi seeking to appeal tax man's bid to ban him

Liquidator David Iannuzzi.

A court has ruled that an application by a Sydney liquidator to appeal orders for an inquiry into his conduct will be heard next year.

On Friday last week the Federal Court ordered that the application of David Iannuzzi for both an extension of time and leave to appeal be heard and determined by a Full Court immediately prior to, or concurrently with, any appeal on a date to be fixed during the Full Court and Appellate Sitting period between 4 February and 1 March 2019.

On July 30, 2018 Iannuzzi – who is facing a potential 10 year ban from holding a liquidator’s registration – made application to appeal the judgment of Federal Court judge Nye Perram in Commissioner of Taxation v Iannuzzi [2018] FCA 1053, handed down two weeks earlier.

Justice Perram ordered that the Commissioner of Taxation’s (CoT) application for a judicial inquiry into Iannuzzi’s conduct on 23 administrations be heard simultaneously with the CoT’s other applications.

These were for orders banning Iannuzzi from holding a registration as a liquidator for 10 years, orders preventing him working in insolvency during the same period and orders that he compensate a number of deregistered companies that owe tax debts to the CoT.

The trial to determine whether an inquiry is warranted is scheduled for hearing in April 2019.

Iannuzzi has consistently denied the CoT’s allegations and his latest application proves he’s intent on maintaining that position.

The allegations against the Veritas Advisory principal are included in a 90 plus-page originating statement filed by the CoT in September 2017.

Further reading:

ATO’s Bid For 10 Year Ban Heading For Trial

Liquidator Facing 10 Year Ban

About the Author

Peter Gosnell
Peter Gosnell
Insolvency News Online illuminates the practice of insolvency Australia-wide, highlighting the triumphs and travails of the nation’s registered practitioners and the accounting and legal professionals who work with them. INO is produced by Peter Gosnell, former business editor and senior business reporter at The Daily Telegraph newspaper. During a decade-long career, your correspondent reported on such notable corporate collapses as HIH, One.Tel, Westpoint and Fincorp as well as some of the nation's highest profile bankruptcies and the investigations and prosecutions arising from Australia's most notorious instances of white-collar crime.

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