Ghost director of liquidated Rocky accountant reported to ASIC

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Rockhampton’s liquidated firm Taurus Accounting might have operated whereas bancrupt and the parallel director has been reported to the Australian Securities and Investments Fee for investigation into an alleged violation, a statutory report just lately revealed. deposit.

The liquidator’s report filed this month signifies that Kevin Harker, the daddy of present director Hamish Harker, might have acted as a de facto or shadow director.

He additionally alleged that Kevin might have organized for the switch of purchasers after the appointment of the liquidator, with out the information or approval of the liquidator.

Kevin Harker was sentenced to 2 years in jail earlier this yr for fraudulently claiming over $ 50,000 in bogus GST refunds.

He was sentenced to serve two months in jail and on March 22 he was taken to the Woodford Correctional Middle.

Kevin was beforehand director of Taurus Accounting earlier than his son was appointed director in January 2020.

The Rockhampton-based firm ceased operations on December 18, 2020 and Pilot Companions’ liquidator Nigel Markey was appointed to the corporate on December 21.

Taurus Accounting operated an accounting enterprise from an deal with in Cambridge St in The Vary.

The final report of the liquidator was despatched to collectors on March 19.

The liquidator’s report alleges that Kevin Harker, the previous director, might have acted as a de facto or phantom administrator whereas within the function of director and “ managed the day-to-day operations of the corporate, together with workers, clients and high quality management. ”

The report additionally states that current Taurus Accounting purchasers might have been suggested by Kevin Harker earlier than the liquidation to go to the accounting agency that bought the shopper checklist.

Kevin Harker “might also have used data obtained from his place to arrange or facilitate the switch of purchasers after appointment with out the information of the liquidators and with out their approval,” the report mentioned.

“The client checklist is a significant asset of the enterprise and the motion has harmed the enterprise and its collectors by stopping the sale and lowering potential gives which may have been acquired by different events who had been already numerous the corporate’s purchasers having moved. to the customer.

“For my part, Mr. Ok Harker might have breached his supervisor’s obligations below the regulation for allegedly facilitating the switch of purchasers.”

It is a breach of the duties of the administrators and the liquidator reported this alleged breach to ASIC.

The report additionally alleges that the corporate might have traded whereas it was bancrupt previous to the appointment of the liquidator.

Hamish Harker knowledgeable the liquidators that the failure of the corporate was “as a consequence of issues concerning the means of the corporate to pay its money owed and the well being of its important worker who has not been doing effectively for a while. and struggled to handle the workload ”.

A assessment of the corporate’s data by the liquidators discovered that shopper payment earnings declined by round 13% in calendar yr 2020 in comparison with the earlier yr. There have been additionally accounts receivable totaling roughly $ 61,000 late on the date of my appointment, or 80%. 100 over 90 days.

The report says the corporate has property of $ 74,113, in accordance with the newest figures.

5 workers members owe $ 39,891 for salaries, go away, dismissals and pensions.

When the liquidation started three months in the past, the corporate ought to have owed $ 260,000 in debt.

The liquidators recovered $ 70,463 from former debtors, cash within the financial institution and the sale of the shopper checklist.

An excellent quantity of $ 182,829 is now believed to be owed to unsecured collectors.

The liquidator requested to be paid $ 86,472, together with $ 56,472 for work carried out from December 21 to March 7 and a further $ 30,000 for future work.

A collectors assembly will happen on April 12 at 10 a.m.

See the earlier story for a listing of collectors.



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