Judgment

ATO’s bid for 10 year ban heading for trial

Embattled Sydney liquidator David Iannuzzi is headed for trial after Federal Court judge Nye Perram delivered judgement this week on an application launched by the tax office for a judicial inquiry into Iannuzzi’s conduct. The tax personage wants Iannuzzi banned for 10 years and restrained from working as an insolvency practitioner for the same period. For good measure it also wants the court to order Iannuzzi…

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Gauge of consent means joint need not be several

Insolvent trading actions might be rare but they can have a galvanising effect on directors, as evidenced by the findings of his honour Judge Matthew Dicker of the NSW District Court in the matter of Inner West Demolition (NSW) Pty Limited v Silk [2018] NSWDC 136. In this instance Inner West Demolition initiated proceedings seeking to prise $327,332.50 under s 588M of the Corporations Act…