ATO

Pandemic to test Safe Harbour, profession

McGrathNicol Partner Kathy Sozou. Image McGrathNicol. Ankura senior managing director Quentin Olde. While the extent of the impact on business of the COVID-19 pandemic remains unknown, what is certain is that Australia’s nascent safe harbour regime and the capacities of our insolvency firms are set to be tested like never before.  Restructuring practitioners contacted this week confirmed they were fielding more enquiries from company directors…

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Court refuses SPLs as tax conspiracy case looms

BPS Recovery’s Mitchell Ball. dVT’s Suelen McCallum. When a judge tells your barrister that their arguments invoke “medieval philosophy” it’s a good bet that you’re going to be disappointed. So it was when a group of individuals turned up in the NSW Supreme Court yesterday seeking to have special purpose liquidators (SPL) appointed to Bluemine Pty Ltd. The applicants arrived with consents from dVT Group’s…