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Thinking| 15 Dec 2015
On 10 December 2015, a majority of the High Court of Australia ruled in Commissioner of Taxation v Australian Building Systems Pty Ltd (In Liquidation)1 that liquidators are not obliged to, and are not personally liable for, failing to retain sufficient funds ...
Thinking| 28 Apr 2015
On 17 April 2015, the Commissioner of Taxation successfully sought special leave to appeal the decision in Commissioner of Taxation v Australian Building Systems Pty Ltd (in liq)  FCAFC 133 to the High Court.
Thinking| 10 Oct 2014
On 8 October 2014 the Full Court of the Federal Court delivered judgment in favour of the liquidators in the much anticipated Australian Building Systems appeal1 (Appeal).
Thinking| 18 Mar 2014
Our Insolvency Update of 3 March 2014 refers to the Federal Court’s decision in Australian Building Systems Pty Ltd (in liq) v Commissioner of Taxation.
Thinking| 03 Mar 2014
On 21 February 2014 the Federal Court handed down its decision in Australian Building Systems Pty Ltd (in liq) v Commissioner of Taxation  FCA 116 with the result that liquidators and receivers and managers cannot be held personally liable for any CGT liability ...