"Tax Office deemed Sonray insolvent twice in 2005 BEN BUTLER July 13, 2010
FAILED contracts-for-difference provider Sonray was insolvent during 2005, the Australian Taxation Office alleged at the time.
Twice in 2005 the ATO took legal action to have Sonray wound up on the grounds of insolvency after it allegedly failed to pay tax bills totalling $196,000"