BBI 0.00% $3.98 babcock & brown infrastructure group

bbi vs. ato, page-15

  1. 3,885 Posts.
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    Bellenuit,

    do you have the article.

    Cannot find reference to it on the ATO leagal database.

    ATO debt does not necessarily rank righer (PAYG does), however there is not a spare $100m and the ATO has been known to issue wind-up motions.

    I imagine if BBI lost they would appeal, buying more time.

    Looks to me BBI reports as a consolidated tax group, therefore debt will be at corporate level. Agree with interest etc that you posted should the case be lost.

    Cheers
 
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