Tax Office moves to wind up Tinkler entity
December 10, 2012 - 2:14PM
Paddy Manning
The Tax Office will seek to wind up one of former billionaire Nathan Tinklers main private entitites, Tinkler Group Holdings Administration.
In the NSW Supreme Court today, lawyers for Mr Tinkler and the Deputy Commissioner of Taxation confirmed the tax office would replace the NSW Office of State Revenue as petitioning creditor in the wind-up proceedings. The extent of the debt is unknown.
The case is one of half a dozen legal proceedings on foot against various private Tinkler entitites:
Ferrier Hodgson is winding up Tinkler-owned Mulsanne Resources over an unpaid $28.4 million debt to Blackwood Corporation.
Adelaide-based Anthony Matthews and Associates is balancing whether to proceed with the wind-up of Patinack Farm Administration - the main employer at Mr Tinklers thoroughbred stud - which also owes millions to the tax office but went into liquidation after a $17,000 debt to South Australias Workcover agency went unpaid, apparently due to an administrative error.
Queen Street Capital and Aston Copper are facing a wind-up by Brisbane-based HWL Ebsworth Lawyers for an unknown amount of money.
Lender GE Capital has appointed Taylor Woodings as receivers of TGHA Aviation, who last week repossessed his private jet and helicopter.
Mr Tinkler has been subponaed in Muswellbrook Local Court by Kildangan Stud (owned by the ruler of Dubai, Sheikh Mohammed bin Rashid al-Maktoum) which sired two of his mares.
Hunter Sports Group is being sued by the NSW government for almost $600,000 in stadium rent owing from its Newcastle Knights rugby league team. Hunter Sports is also in down-to-the wire negotiations with the Knights to extend an audit deadline which falls this Saturday. The Knights want to also extend the $20 million bank guarantee which the company provided when the club was privatised. If the negotiations fail it could jeopardise Hunter Sports ownership of the club.
