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Australian Tax Office

MHI cuts value of intellectual property sale by $20m

MHI cuts value of intellectual property sale by $20m
Wellington, July 26 NZPA - Michael Hill International (MHI) has reduced by $20 million the valuation put on its intellectual property in a 2008 transaction, following a query from the Australian Tax Office (ATO).

Jailed corrupt official registers as NZ director

Wellington March 26 NZPA - A corrupt former assistant commissioner of taxes in Australia has become a director of two New Zealand companies while in jail across the Tasman.

NZers Would Make More By Leaving Super In Australia: Consultant

NZers Would Make More By Leaving Super In Australia: Consultant
Wellington, July 17 NZPA - Though New Zealanders will soon be able bring their superannuation money back from Australia, they would make more leaving it invested across the Tasman, an international consulting agency says.

Australians Laundered Millions Through NZ Accounts

Wellington, July 14 NZPA - Two Australian entrepreneurs who laundered millions of dollars through New Zealand banks are to pay the Australian Tax Office over $NZ40 million in tax and penalties.

Queensland Trustee Fails In Attempt To Wind Up Octavia

Wellington, July 25 NZPA - An attempt to wind up the ailing Australian property group Octaviar, formerly MFS, was derailed yesterday with the removal of the Public Trustee of Queensland as trustee for Octaviar's listed noteholders, who are owed $A348 million ($NZ455m).

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