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Plutus Payroll Australia
Insolvency information
Case information
Appointment type: |
Liquidation |
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Appointment date: |
9 October 2017 |
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ACN: |
BRW SERVICES PTY LIMITED PLUTUS PAYROLL AUSTRALIA PTY LIMITED PP AUS HOLDINGS PTY LTD PP AUSTRALIA NSW PTY LIMITED PP SERVICES (WA) PTY LIMITED PPA (SA) PTY LIMITED PPA NT PTY LIMITED PPA CONTRACTORS AUSTRALIA PTY LIMITED PPA SERVICES AUSTRLALIA PTY LIMITED RAM ENTERPRISES AUSTRALIA NSW PTY LIMITED SAI SOLUTIONS PTY LIMITED (All “In Liquidation”) (the “Companies”) |
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Appointees: |
Tim Norman and Salvatore Algeri |
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Office: |
Melbourne |
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Enquiries: |
General enquiries |
Media enquiries |
URL: |
General Information
Tim Norman and Sal Algeri were appointed Joint and Several Provisional Liquidators of the 10 companies within the Plutus Group on 9 June 2017 by the Supreme Court of New South Wales (the “Court”) following an application made by the Deputy Commissioner of Taxation.
On 9 October 2017 the Court ordered that these ten (10) entities be wound up. They also ordered the winding up of BRW Services Pty Ltd on the same day.
The Plutus Payroll Group of Companies provided payroll services to various companies. The PP Group has been the subject of significant media attention recently due to alleged tax fraud committed by the Companies and a number of related parties.
Currently, the Australian Taxation Office and the Australian Federal Police are pursuing a number of the individuals involved.
Liquidators’ Role
The powers of the Liquidators are wider than those afforded to a Provisional Liquidator. Accordingly, now that the entities have been wound up, we will, amongst other things:
- Continue to investigate the affairs of these Companies, including a review of the Companies’ books and records for the purposes of identifying any offences or misconduct committed by the directors and identifying any voidable transactions which may be recoverable by the Liquidators for the benefit of creditors;
- Preparing reports to the Australian Securities and Investments Commission (“ASIC”) regarding the Companies’ affairs and any offences identified;
- Report to creditors (including employees) – creditors can expect to receive a preliminary report 20 business days after our appointment and a further, more detailed report after 3 months as required by the Corporations Act 2001 (the “Act”);
- Correspond with creditors and review claims submitted;
- Reconstruct the Companies payroll information system and analyse the Companies books and records in order to quantify outstanding employee entitlements; and
- Assist employees with making claims under the Fair Entitlement Guarantee Scheme.
We are unable to provide any specific information regarding likelihood or timing of any return to creditors at this time. We ask that creditors be patient in the interim.
Please refer to this website for further updates.
Examinations update
We wish to advise that due to the continuing circumstances arising from the COVID-19 pandemic, including the implementation of social distancing measures which prevent in-person appearances at Court, the examinations scheduled to be held from 18 to 29 May 2020 have been vacated and the examinations have been adjourned to a date to be fixed. Previous examinations have also been adjourned to a date to be fixed.
We will update the website to advise you of the dates of the examinations once they have been fixed by the Court.
Information for Employees regarding PAYG Withholding Summaries
As a result of the ongoing investigations being conducted by the Australian Federal Police, the Liquidators’ are still unable to issue PAYG summaries at this time.
The ATO does however provide guidance to employees where their PAYG summary is unavailable. This guidance is located on their website. Additionally, you can estimate your income and withholding amounts using their online tool.
Further guidance will be issued by the ATO periodically. Those wanting further information should refer to the ATO website.
In addition, please note our website which is being updated regularly with information relating to all stakeholders.
General documents
Pooling Order Application
Pooling Originating Application
25 May 2018
Pooling Application Affidavit
18 April 2018
Report to court
11 September 2017
Report to Court
28 July 2017
Report to Court
2 July 2017
Declaration of Independence, Relevant Relationships and Indemnities - Provisional Liquidations
Plutus Directions Hearing
We refer to the Liquidators’ application for directions that claims for unpaid wages and entitlements via the Plutus payroll system are not claims by employees of Plutus Group companies (the Application). Judgement was handed down by Justice Black in respect of the Application on 6 September 2019, a copy of which can be accessed via the link below:
Workers Application Court Order
For Employees:
- BRW Services liquidators supplementary statutory report
30 January 2018 - PP Group Creditor report
21 December 2017 - BRW Services Creditor report
03 November 2017 - PP Group Creditor report
03 November 2017 - Third Circular to Employees
3 August 2017 - Second Circular to Employees
10 July 2017 - Circular to Employees
13 June 2017 - Electronic notification form, should you wish to receive electronic communication in future
- Employee Claim Form (Form 536) - PLUTUS PAYROLL AUSTRALIA PTY LTD
- Employee Claim Form (Form 536) - PPA SERVICES AUSTRALIA PTY LTD
- Employee Claim Form (Form 536) - PP AUS HOLDINGS PTY LTD
- Employee Claim Form (Form 536) - PPA CONTRACTORS AUSTRALIA PTY LTD
- Employee Claim Form (Form 536) - PP AUSTRALIA NSW PTY LTD
- Employee Claim Form (Form 536) - PP SERVICES (WA) PTY LTD
- Employee Claim Form (Form 536) - PP SERVICES BRW PTY LTD
- Employee Claim Form (Form 536) - PPA NT PTY LTD
- Employee Claim Form (Form 536) - PPA (SA) PTY LTD
- Employee Claim Form (Form 536) - RAM ENTERPRISES AUSTRALIA PTY LTD
- Employee Claim Form (Form 536) - SAI SOLUTIONS PTY LTD
For Creditors / Suppliers:
- PP Group Creditor report
21 December 2017 - BRW Services Creditor report
03 November 2017 - PP Group Creditor report
03 November 2017 - Third Circular to Creditors / Suppliers - Provisional Liquidations
3 August 2017
- Second Circular to Creditors / Supplier- Provisional Liquidations
10 July 2017 - Circular to Creditors / Suppliers - Provisional Liquidations
16 June 2017 - Electronic notification form, should you wish to receive electronic communication in future
- Creditor Claim Form (Form 535) - PLUTUS PAYROLL AUSTRALIA PYT LTD
- Creditor Claim (Form 535) - PPA SERVICES AUSTRALIA PTY LTD
- Creditor Claim Form (Form 535) - PP AUS HOLDINGS PTY LTD
- Creditor Claim Form (Form 535) - PPA CONTRACTORS AUSTRALIA PTY LTD
- Creditor Claim Form (Form 535) - PP AUSTRALIA NSW PTY LTD
- Creditor Claim Form (Form 535) - PP SERVICES (WA) PTY LTD
- Creditor Claim Form (Form 535) - BRW SERVICES PTY LTD
- Creditor Claim Form (Form 535) - PPA NT PYT LTD
- Creditor Claim Form (Form 535) - PPA SA PYT LTD
- Creditor Claim Form (Form 535) - RAM ENTERPRISES AUSTRALIA PTY LTD
- Creditor Claim Form (Form 535) - SAI SOLUTIONS PTY LTD
Other Useful Links:
ATO – ATO provides certainty on tax treatment
ATO – FAQs for employees and employers
ATO - Guidance for tax professionals
ASIC
Insolvency information sheets
Help for workers who have recently lost their jobs
Job Services Australia publication
Taking care of yourself after retrenchment or financial loss
Beyond Blue publication