back to article Deloitte to wind up Plutus Payroll, promises contact with contractors 'within 20 biz days'

The Supreme Court of the Australian State of New South Wales has appointed liquidators to Plutus Payroll, the payroll services provider that lured thousands of IT contractors with a free service but has since been alleged to be a tax-skimming scam. The appointment means that contractors who have not yet heard from Deloitte …

  1. Kernel

    The elephant in the room

    The large grey animal in the room is, of course, that in most countries the priority order for being paid out will be:

    i) Inland revenue, or whatever they call it in Australia

    ii) Employees who are owed wages, etc.

    iii) The aforesaid contractors, who, along with miscellaneous suppliers and landlords, probably rank as unsecured creditors.

    I hope it works out for everyone, but my very limited experience of being paid out by liquidators is not encouraging - and it wasn't even a lot of money (to them, but it was for me at the time).

    1. FozzyBear
      Unhappy

      Re: The elephant in the room

      #2 is Deloitte themselves.

      Then a distant 3rd and 4th are the employees and others.

      So after the Tax office gets the lion share and Deloitte will have charged an obscene amount to manage it all there is left, is basically loose change for the others.

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