An Australian Taxation Office (ATO) investigation identified an...

An Australian Taxation Office (ATO) investigation identified an offender who was carrying out illegal trading known as ‘phoenixing’. This involves creating a new company to continue the business of a company that has been deliberately liquidated to avoid paying its debts, so we, others Investor’s get it almost to the point of operation deliberately go bust then go private, been thinking about this for a while, I don't think this is the case but it has been one my mind.