FCT v Bosanac (No 2) – Grant of stay for $9.3m debt recovery – “extreme personal hardship” if bankrupted and (in practice) was precluded from pursing his complex appeal on the objection decision
The Federal Court has granted a taxpayer’s application for a stay of the execution of summary judgment previously granted in favour of the Commissioner in FCTv Bosanac [2016] FCA 448 for $9.3m. In doing so, it found that there were special circumstances to grant a stay on the basis of “extreme personal hardship”. In particular, the Court…