ATO

NSW Revenue moves to topple Jones Partners pair

Jones Partners principal Bruce Gleeson. Jones Partners Daniel Soire.Jones Partners duo Bruce Gleeson and Daniel Soire face being dumped as administrators of Dalma Form Specialist Pty Ltd (DFS) after Revenue NSW commenced proceedings in the wake of a controversial second meeting of DFS creditors on April 12.In a circular to DFS creditors issued yesterday, Gleeson and Soire attached an originating process filed in the Federal…


Collision imminent: VAs and ATO heading for court

Jones Partners Daniel Soire.Jones Partners principal Bruce Gleeson. After reading the Minutes of the reconvened second meeting of creditors of Dalma Form Specialists Pty Ltd (DFS) iNO suspects that a collision between the incumbent voluntary administrators (VAs) and the ATO is inevitable.The second meeting was initially adjourned on February 7 to allow VAs Bruce Gleeson and Daniel Soire of Jones Partners time to undertake more…


Liquidator can’t overcome conflicted claims

John Sheahan of Sheahan and Lock. Well this is rich. Directors conflicted to their eyeballs, objecting to a liquidator’s application to be appointed liquidator on the basis that he’d be conflicted. And a judge agreeing.Of course, in an administration involving an impugned corporate group, dubious inter-company loans, deeds of settlement and of release, Swiss accounts and Israeli banks, industrial-scale tax avoidance and jurisdictional departures, exhuming…


Another day, another tax default, another phoenix?

Agile Business Advisory principal Leigh Prior.And here we are again. Directors who don’t pay tax when it’s due, ignore a statutory demand, direct debtors to pay monies into a different bank account and fail to provide books, records and RoCAP to the liquidator inevitably appointed. Sound familiar?If not, how about if at least one of the directors appears to have acted as a de facto…


Pre-insolvency advisor’s tax tribulations multiply

de Jonge Read founder and executive director Henry ‘Hank’ de Jonge.de Jonge Read director Ashley Shield.Australia’s most prominent pre-insolvency advisor ran into trouble with the tax office (ATO) last year and in 2024 trouble’s found him again.Last week in the Federal Court the Deputy Commissioner of Taxation (DCoT) filed proceedings seeking the winding up of two companies part-controlled by Hank De Jonge, whose specialist business…


VAs and ATO at odds over alleged $150m fraud

Jones Partners principal Bruce Gleeson. Jones Partners Daniel Soire.Barring any road to Damascus conversion, Bruce Gleeson and Daniel Soire might anticipate hostility from certain quarters when they finally reconvene the second meeting of creditors of Dalma Form Specialist Pty Ltd (DFS).The Jones Partners‘ pair adjourned the second meeting on February 7 for up to 45 business days, ostensibly so they could conduct investigations into matters…


Rival IPs bound for court over alleged $150m fraud

Jones Partners principal Bruce Gleeson. Helm Advisory managing director Stephen Hathway.Rival insolvency practitioners could shortly be facing off control of a corporate group that’s allegedly defrauded the Australian Tax Office (ATO) of $150 million. Before any showdown with lawyers occurs however, the rivals have time to negotiate a less adversarial outcome thanks to the decision of the administrators of Dalma Form Specialist Pty Ltd (DFS)…


Not so fast Mr Mansfield

Deloitte’s David Mansfield.Insolvency Options principal Darren Vardy.Maybe the perpetually youthful David Mansfield has known for a while that the winding up of Roseville Construction Services Pty Ltd (RCS) might not be a straightforward creditors voluntary given its links to one of Australia’s largest alleged payroll tax scams. Then again maybe not.Either way things could be set to change when liquidator Darren Vardy applies in the…


Mother of all partnership disputes ain’t over yet

Insolvency Experts’ principal Steve Kugel.CRS Warner principal Anthony WarnerIt started in 2015 and maybe it’ll conclude this year. But given the potential for disagreement generated over almost 10 years of litigation, who the hell knows.Since November 2018 when the principle issues were thought to be resolved in the plaintiff’s favour in Shazbot Pty Ltd v Warner Capital Pty Ltd [2018] NSWSC 1645 two warring Sydney…


Tax boss and banned RL on same side in costs dispute

Ex-liquidator David Iannuzzi.Chris Jordan probably never imagined he’d be lumped in with disgraced ex-liquidator David Iannuzzi on the same side of a legal dispute. It was the current Commissioner of Taxation (CoT) after all who was at the helm of the ATO when the proceedings the tax office commenced in 2017 culminated with Iannuzzi consenting to Federal Court orders striking his name from the roll…