
Commonwealth cannot leapfrog Coburn’s secured creditors
Federal Court finds listed parent, not operating subsidiary, was the true employer of 166 workers, defeating Commonwealth priority claim over Coburn assets

$7 million ATO preference claim fails after court rejects insolvency case
WA Supreme Court finds Construction Industries Australia was not proven insolvent during preference period, defeating LCM Recoveries’ claim over 86 tax payments
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ACFS Port Logistics enters administration as BDO receivers pursue sale
One of Australia’s largest container logistics operators has entered voluntary administration and receivership after secured lender ScotPac intervened ahead of a Federal Court hearing on an ATO winding-up application involving a reported tax debt of approximately $60 million


Income Direct group enters administration with up to $70 million raised from investors
Balance Insolvency administrators are investigating the affairs of three Marbanc-linked companies after banking restrictions disrupted Income Direct’s operations, with hundreds of investors potentially exposed and funds reportedly deployed into ventures associated with former Mayfair 101 director James Mawhinney





