why not? Seems every penny dreadful company registered in Subiaco is utilising this methodology to make quick bucks and new holiday homes for its directors . I do agree with you though, if you are going to pull it off properly , you need to be able to get out of Australia, or at least get the booty out of Australia. Singapore is a convenient jurisdiction of choice for corporate crooks to hide ill gotten gains pay little tax . Safer than Switzerland . And if you’re running a dodgy IPO , NZX has a lot less hoops to jump through to get up and running . Could be fun , but not for everyone, just your every day corporate psychopaths.
