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ATO

ATO, Conduct, Judgment, Liquidations, Liquidators, Litigation 20 September 2024

Tax boss avoids indemnity costs in Iannuzzi imbroglio

Struck off ex liquidator David Iannuzzi.Evading an order for indemnity costs aside, iNO can’t help wondering if the Commissioner of Taxation (CoT) regrets entering into consent orders with struck off liquidator David Iannuzzi way back in 2019.Sure the CoT avoided the need to go through with the court-ordered inquiry it initially sought into Iannuzzi’s conduct as a registered liquidator, but given what’s transpired since maybe…

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Administrators, ATO, Corporates, Creditors, Judgment, VA's & DoCA's 31 May 2024

Administrators repel ATO attempt to wind up

O’Brien Palmer partner Liam Bailey.A deed fund of $500,000, a return of 16 cents in the dollar for unrelated unsecureds and the securing of the fund through a mortgage over one of the deed proponent’s properties has proved sufficient for a court to agree to adjourn a winding up application brought by the ATO.The decision, contained in Deputy Commissioner of Taxation v Grand Platinum Pty…