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CS 20/05: GST treatment of payments received by a GST registered body corporate from the Ministry of Business, Innovation and Employment under the Leaky Homes Financial Assistance Package

This Statement sets out the Commissioner's position in relation to payments received by a GST registered body corporate from the Ministry of Business, Innovation and Employment (MBIE) under the Leaky Homes Financial Assistance Package (FAP) scheme.

Categories:  body-corporate,   goods-and-services-tax,   leaky-homes,   payment  

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CIR v Tower City Holdings Ltd

The Commissioner applied for an order under s 241(4) of the Companies Act ('CA1993') placing the defendant company ('Tower') into liquidation on a number of grounds, including the company's inability to pay its debts, its failure to keep proper0 accounting records and breaches of various directors’ duties. The defendant company unsuccessfully argued that the order should not be made.

Categories:  accounting-records,   debt,   director,   liquidation,   liquidator,   retention-of-records