Hot Topics

ATO

ASIC, ATO, Discipline, Referrers, Regulation/Legislation 1 December 2017

Same referrers tar liquidators marked for termination

One of the most interesting aspects of chronicling the insolvency profession’s triumphs and tribulations involves the frequent observance of coincidence. The regulated population of registered liquidators might seem small, but not necessarily in the context of the amount of work available, which is a question that brings us to consideration of the sources of appointments. In the latest occurrence of coincidence, two liquidators facing efforts…

ATO, Liquidations, Public Examinations, Uncategorised, VA's & DoCA's 24 November 2017

Heat’s off Kassem after Dyldam avoids default: Update

UPDATE Monday, November 27, 2017: It appears Ozem Kassem and others referred to below can rest easy, at least for now. SiN can reveal that over the weekend Stephen Hathway  the administrator of the Plaza West deed of company arrangement, received a critical payment under the terms of the DoCA which had been in arrears. The payment followed a threat by Hathway to place the company into…

ATO, Fees, Liquidations, Liquidators, Litigation 22 November 2017

Tax boss wins access to time sheets in Tinkler fight

In the latest skirmish over the multi-million dollar proceeds of sale of the Patinack Farm properties once owned by Nathan Tinkler, liquidators Neil Cussen and David Mansfield have been ordered to deliver their time sheets to the Commissioner of Taxation (CoT). Following a directions hearing in the NSW Supreme Court on Monday, Justice Paul Brereton ordered the Deloitte duo to produce the time sheets and pay…

ATO, Liquidations, Liquidators, Regulation/Legislation 15 November 2017

PPB preparing to tread on Deloitte’s Plutus patch

Early next month a series of contested interlocutory applications will be heard that could see PPB Advisory’s Steve Parbery and Glenn Livingstone surf in on what until now has been Deloitte’s exclusive turf – the web of entities linked to the alleged $130 million Plutus Payroll PAYG fraud. On Monday, the NSW Supreme Court heard that Synep Pty Limited – the company at the head of the…

Plutus Payroll neighbour wound up early on.

ATO, Liquidations, Liquidators 1 November 2017

Hall Chadwick duo liquidating Plutus Payroll neighbour

While the Australian Tax Office (ATO) moved earlier this year on those alleged to have masterminded the alleged $165 million Plutus Payroll fraud, at least one of those close to the architects of the scheme was attending to curiously related affairs well beforehand. It was in fact September 20, 2016 when Christian Paul Budd-Madison, whose company Hartford Investments shared offices in Double Bay with those of the businesses of Plutus…