Fastbet Investments Pty Ltd v DCT – taxpayer fails in action to challenge the Commissioner’s demand for mortgage security over each of its parcels of land
The Federal Court dismissed an application to review the validity of, and stay the operation of the Commissioner’s decision requiring Fastbet to give mortgage security, over its real estate, under s255-100 of the TAA1. Section 255-100(1)(b) gives the Commissioner power to require a person to give security for the payment of ‘existing and future *tax-related…