Plutus Payroll Australia

Case studies

Plutus Payroll Australia

Insolvency information

Case information

Appointment type:

Liquidation

Appointment date:

9 October 2017

ACN: 

BRW SERVICES PTY LIMITED
(ACN 613 733 430)

PLUTUS PAYROLL AUSTRALIA PTY LIMITED 
(ACN 169 205 127)

PP AUS HOLDINGS PTY LTD
(ACN 613 038 654)

PP AUSTRALIA NSW PTY LIMITED
(ACN 613 037 442)

PP SERVICES (WA) PTY LIMITED
(ACN 613 042 587)

PPA (SA) PTY LIMITED
(ACN 613 038 234)

PPA NT PTY LIMITED
(ACN 613 037 175)

PPA CONTRACTORS AUSTRALIA PTY LIMITED
(ACN 605 218 273)

PPA SERVICES AUSTRLALIA PTY LIMITED
(ACN 605 903 660)

RAM ENTERPRISES AUSTRALIA NSW PTY LIMITED
(ACN 157 988 639)

SAI SOLUTIONS PTY LIMITED
(ACN 159 529 183)

(All “In Liquidation”)

(the “Companies”)

Appointees:

Tim Norman, Salvatore Algeri and Eddie Senatore

Office:

Melbourne

Enquiries:

General enquiries
plutus@deloitte.com.au

Media enquiries
Simon Rushton
Tel: +61 2 9322 5562 
Email

URL:

www.deloitte.com/au/plutus

General Information

Tim Norman, Sal Algeri and Eddie Senatore 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.

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.

Court Orders

Court Order
09 October 2017

Court Order
9 June 2017

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