For Pallion Group, it’s been a long battle with the Australian Taxation Office over an alleged GST fraud scheme. And now, following the appointment of KordaMentha as Special Purpose Liquidators, it’s possible that the $200 million question surrounds one word: voidable.

L to R: Phillip Cochineas, Andrew Cochineas, Janie Simpson and Paul Cochineas at the Sydney ABC Bullion flagship centre opening in May 2023. | Source: ABC Bullion

Director Andrew Cochineas: "understood ‘what was going on’”.

Director Janie Simpson: "had actual knowledge of the fraudulent activities".

Federal Court documents show that EBS’s turnover increased by more than $600 million in two years. (Note 2012 year is an estimate based on five months.)

Justice Goodman

Click to enlarge: EBS Creditor's list showing that the ATO debt represents 99% of all debt.