Deputy Commissioner of Taxation v Huang – Freezing orders made over Australian assets of notorious Chinese billionaire’s and his wife’s Australian assets – supporting assessments of $140m

On Monday 16 September 2019, Katzmann J made orders, in the Federal Court freezing the Australian assets of Huang Xiangmo, and his wife: Jiefang Huang, to avoid frustrating the collection of assessments the Commissioner of Taxation issued on the same day for some $140m. Not only is Mr Huang notorious for his political donations and alleged political interference, but this assessment, the basis for it, the Australian and other assets of Mr & Mrs Huang, have created much interest (see related AFR articles: 18.9.19, 19.9.19 & 24.9.19).

See below for extracts from Her Honour’s 18.9.19 reasons for the freezing orders.

FJM 30.9.19

[Tax Month – September 2019]