Times have not been easy for Ted Sent. Having sold Primelife but retained as Managing Director, he was subsequently sacked in 2003 when discovered bugging the board meetings. In 2006 the tax office hit him with a $2.6 million bill for tax evasion. Now he has a bill of $4.3 million and ordered to pay an extra $3.3 million in interest. All this on top of his Beachmere Sands development north of Brisbane with plans for 1,100 ILUs gong into receivership last year. It was purchased from
ATO plans to charge GST on manufactured home parks scrapped
A concerted effort by the Residents Association of manufactured home parks has headed off the ATO which had planned to impose GST in mobile homes. This would have added 10% to the cost of the purchase of a home