Rugby league legend Jarrod McCracken has bankruptcy extended until 2021
By
Ben Millington
Updated yesterday at 8:34am
PHOTO: Jarrod McCracken, pictured here in 2005, made millions in property on the Gold Coast. (AAP: Dean Lewins)
MAP: Townsville 4810
Former rugby league star and property mogul Jarrod McCracken has been referred to authorities for allegedly failing to declare his income and travelling overseas while bankrupt.
No charges have been laid against Mr McCracken, but both alleged offences would carry potential jail terms.
Mr McCracken was declared bankrupt in 2013 with $20 million in debts related to various property developments.
The trustee of his bankrupt estate, Nick Crouch, said he has referred Mr McCracken to the Australian Financial Security Authority for allegedly working as a project manager during construction of the Rambutan Backpackers resort in Townsville in north Queensland.
Mr Crouch estimated the value of Mr McCracken's services at $1.1 million.
In that time he said Mr McCracken has declared an annual income of zero.
Mr McCracken was not available to comment but has said he was only working on a volunteer basis for his then 18-year-old son, whose company Jag Projects was building the $20 million resort.
Mr Crouch said he was also investigating how Mr McCracken's son came into possession of the land and entered into a deal to build the multimillion-dollar resort with an investor.
Mr Crouch has also accused Mr McCracken of travelling overseas to Bali without consent and attempting to fly to New Zealand before being taken off the plane by Australian Federal Police.
The penalty for leaving the country without permission while bankrupt is between three to five years jail, he said.
Mr Crouch said the AFSA was considering the merit of all alleged contraventions and was funding the trustee to undertake more investigations.
In the meantime the trustee extended Mr McCracken's bankruptcy by five years.
An appeal by Mr McCracken was dismissed.
Mr McCracken started his rugby league career with the Canterbury bulldogs and later captained the Parramatta Eels, the West Tigers and the national team of New Zealand.
He represented New Zealand 22 times between 1991 and 1999.
His career was cut short in 2000 after being injured in a spear tackle.
He went on to make millions of dollars in the Gold Coast property boom.
http://www.abc.net.au/news/2016-08-06/jarrod-mccracken-has-bankruptcy-extended-until-2021/7696180
