That is a key point Haplo. If ATO claims valid.As per Dec 15 announcement, the $203 mill tax bill is being recognized as a contingent liability. Final determination of whether the amount is recognized as an actual liability is "contingent" on whether it justified.Based on reading the Dec 15 announcement, the June 30 2023 and June 30 2024 tax returns have yet to be finalized. MGN said in announcement tax consultants engaged to prepare them but does not state they finalized them or submitted them. If that the case, if the tax consultants engaged pull a rabbit out of the hat, submit the forms to ATO, and ATO then looks at income forms then may find tax bill vanishes.MGN are very vague and opaque on things (like if only $25 million left of $100 million then where did it all go...which creditors? and vague of if income tax for two years noted been finished, were finished and submitted (hence ATO judgement), or if they still working on the forms. Dec 15 announcement mixed with media reports on Dec 19 court hearing is very vague and questionable on what MGN done and not done.Thanks for all the points Haplo.
A40 Price at posting:
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