On 29.11.18, the ATO announced that it had successfully applied to the Federal Court for the appointment of a provisional liquidator for 8 labour hire businesses providing services to the meat processing and abattoir industry.
Provisional liquidators have been appointed for Ausmart Services Pty Ltd, Ezyrol Trading Pty Ltd, Gamma One Pty Ltd, Goyx Pty Ltd, Mondex Group Pty Ltd, Newing Glacier Pty Ltd, Rocube Holding Pty Ltd, and Spark Labour Solutions Pty Ltd.
Deputy Commissioner Will Day said the appointment of a provisional liquidator ensures the business operations are managed transparently by a qualified professional, accountable to the Court, while broader enforcement action is underway.
The appointment of a provisional liquidator allows for the immediate preservation of assets and records and ensures that these companies are now controlled by an independent party, said Mr Day.
FJM 10.12.18
[LTN 231, 29/11/18; Tax Month – November 2018]
CPD questions
- How many labour hire companies has the ATO appointed ‘provisional liquidators’ to?
- Is this, in part to ensures the business operations are managed transparently by a qualified professional, accountable to the Court?
- What else does this achieve for the ATO?
- In what Court did the ATO apply, for the provisional liquidators?
