Commissioner of Taxation v Grimaldi (No. 5) [2009] FCA 765

FEDERAL COURT OF AUSTRALIA

Commissioner of Taxation v Grimaldi (No. 5) [2009] FCA 765

COMMISSIONER OF TAXATION v PHILLIP GRIMALDI, GARRY BONACCORSO, IFTC BROKING SERVICES LTD and MGG CAPITAL PTY LIMITED AS TRUSTEE FOR WEBTEL MANAGEMENT SUPER FUND

NSD 407 of 2009

GRAHAM J

13 JULY 2009

SYDNEY

IN THE FEDERAL COURT OF AUSTRALIA

NEW SOUTH WALES DISTRICT REGISTRY

gENERAL DIVISION NSD 407 of 2009

BETWEEN: COMMISSIONER OF TAXATION

Applicant

AND: PHILLIP GRIMALDI

First Respondent

GARRY BONACCORSO

Second Respondent

IFTC BROKING SERVICES LTD

Third Respondent

MGG CAPITAL PTY LIMITED AS TRUSTEE FOR WEBTEL MANAGEMENT SUPER FUND

Fourth Respondent

JUDGE: GRAHAM J

DATE OF ORDER: 13 JULY 2009

WHERE MADE: SYDNEY

THE COURT ORDERS THAT:

1. That judgment be given for the applicant against the first respondent in the sum of $36,341,461.73 2. That judgment be given for the applicant against the second respondent in the sum of $3,552,577.81 3. That the first respondent pay the applicant's costs in respect of prayer for relief 3 in the Notice of Motion filed 24 June 2009 4. The second respondent to pay the applicant's costs in respect of prayer for relief 4 in the Notice of Motion filed 24 June 2009. Note: Settlement and entry of orders is dealt with in Order 36 of the Federal Court Rules. The text of entered orders can be located using eSearch on the Court's website. IN THE FEDERAL COURT OF AUSTRALIA

NEW SOUTH WALES DISTRICT REGISTRY

general division NSD 407 of 2009

BETWEEN: COMMISSIONER OF TAXATION

Applicant