NATHAN Tinkler’s Patinack Farm Administration has been placed in liquidation over a $17,000 debt owed to WorkCover South Australia.

The Federal Court, sitting in Adelaide, ordered the company be wound up and its assets liquidated this morning.

A spokesman for Mr Tinkler said accountants within the group failed to clear the debt to South Australia WorkCover by mistake and the money was paid this afternoon.

Another debt to Queensland WorkCover of $163,000 was also paid this afternoon, he said.


Mr Tinkler and his right-hand man Hunter Sports Group chief executive, Troy Palmer, are directors of the company that owed $16,977.56 in unpaid levies.

Yesterday the NSW Supreme Court ordered another of Mr Tinkler’s companies, Mulsanne Resources, be placed in liquidation after it failed to settle a $28.4 million debt with Queensland coal explorer Blackwood Corporation.

It is understood Mr Tinkler’s troubled racing empire Patinack Farm employs more than 70 people in the Hunter Valley.

In the Federal Court in Adelaide this morning insolvency practitioners Anthony Matthews & Associates were appointed to wind up Patinack Farm Administration, one of a dozen entities forming part of the troubled Patinack thoroughbred stud.
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The wind-up proceedings were initiated by creditor Workcover Corporation of South Australia, and were supported by Queensland’s Workcover Corporation.

The directors of a company found to have engaged in insolvent trading can become personally liable for the company’s debts - potentially resulting in a ban from acting as a company director - and can face criminal charges and jail if they are found to have acted dishonestly.

Last week Patinack Farm avoided liquidation, settling a $259,866 claim brought by the NSW Office of State Revenue.

It also settled a claim said to be worth “millions” by the tax office.
All good now it seems. Notice how the Herald hides the good part in the article instead of putting up a new article to say Tinks has settled a debt.

**** The NEWY HERALD