"ATO is a creditor, but it ranks above the unsecured creditors"
So lets sum things up hear, the list of people or organisations who will be no worse off or will profit from this are:
-The ANZ bank -Merrills and Dresdner -The ATO -Crooked Opes Directors (unless ASIC has the balls to go after them...ie not) -Lawyers -Mick Gatto -Chris Murphy and other "friends" (see Crooked Opes Directors) -Used car salesmen (http://www.theage.com.au/news/national/sale-of-ferrari-to-car-dealer-eludes-receivers/2008/04/16/1208025283425.html)
hmmmmmmmm.....I'm glad my money has gone to all those worthy recipients.
