Deputy Commissioner of Taxation v Fayad [2024] NSWSC 1140

Supreme Court New South Wales

Medium Neutral Citation: Deputy Commissioner of Taxation v Fayad [2024] NSWSC 1140 Hearing dates: 3 September 2024 Date of orders: 6 September 2024 Decision date: 06 September 2024 Jurisdiction: Common Law Before: N Adams J Decision: (1) The defendant's notice of motion is dismissed. (2) The defendant is to pay the plaintiff's costs of the motion on the ordinary basis. (3) The defendant is to pay to the plaintiff the amount of $24,405,424.43. (4) The defendant is to pay the plaintiff's costs of the proceedings on the ordinary basis. Catchwords: TAXES AND DUTIES – income tax – collection and recovery of tax – unpaid tax liabilities and penalties Legislation Cited: Income Tax Assessment Act 1936 (Cth), ss 161(1), 166, 167, 170, 173, 174(1), 175, 175A(1) Income Tax Assessment Act 1997 (Cth), ss 5-5, 5-10, 5-15, 293-65, 293-75, 995-1 Tax Assessment Act 1953 (Cth), Part IIA, Part IVC, Div 284, Div 293, ss 14ZZK(b), 14ZZM, 14ZZR, Schedule 1, ss 155-5(1)(2), 155-85, 155-90, 280-100(1), 280-100(2), 280-105, 280-110, 280-110(3), 286-75, 286-80, 298-15, 298-25, 298-30(1)(2), 350-10(1)(3), 350-12, 353-10(3) Cases Cited: Anglo American Investments Pty Ltd v Deputy Commissioner of Taxation [2017] NSWCA 17; (2017) 105 ATR 35 Federal Commissioner of Taxation v Futuris Corporation Ltd (2008) 237 CLR 146; [2008] HCA 32 Lamont v Deputy Commissioner of Taxation [2019] NSWCA 221 Southgate Investment Funds Limited v Deputy Commissioner of Taxation (2013) 211 FCR 275; [2013] FCAFC 10 Category: Principal judgment Parties: Deputy Commissioner of Taxation (Plaintiff) Maria Fayad (Defendant) Representation: Counsel: