Brent Norling
👤 SpeakerAppearances Over Time
Podcast Appearances
Uh, sometimes, uh, yes.
Um, sometimes no.
Um, but I'd say majority of the time it will include interest and penalties.
Yeah.
Yeah, the liquidator, they have to do a report when they're appointed and then every six months after that.
So in there, they'll talk about the reasons for the failure.
They'll talk about the things that they're investigating.
So it could be, you know, direct duty breaches, that kind of stuff.
Then they'll talk around the assets and
the likely realizations.
And then probably the most useful part, because a lot of it's just templated, the most useful part is there's a table in there which details the realizations and distributions.
So you get to see a breakdown of everything that's come in and everything that's gone out.
Yeah.
Yeah.
I think a big part of it is the IRD is notoriously slow in its collection process, and it will span years.
And so I think people get a sense of false confidence around that, that it's been a couple of years, they're going to have a couple more.
The reality is it's just a matter of time until the IRD get to.
They do have a long list.
But they are, they're in catch up mode.
I mean, I said highest liquidations in 15 years and the IRD make up 70% of those core applications.