ATO

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…

Read More

Confidential ATO data shows phoenixing on the rise

More than 20 per cent of liquidations could involve illegal phoenix activity according to confidential Australian Tax Office (ATO) data divulged this week by Minister for Financial Services Kelly O’Dwyer, who also laid bare the inadequacy of efforts to curb the practice and eradicate complicit liquidators during a speech to Parliament on Wednesday. The Member for Higgins addressed the House of Representatives on the underlying purpose of the…