The Sydney-based former owner of Byron Bay Cookie Company, who went into bankruptcy owing creditors $28.4 million in 2013, is about to complete his stint.
Fairfax Media reports high-profile Sydney orthopaedic surgeon Gordon Slater’s term of bankruptcy finishes in July.
But the Financial Review reports that Dr Slater’s medical companies, which are currently managed by his partner Jacqueline Schurig, report annual revenues of nearly $4 million.
According to the paper’s Jo Aston, ‘Slater lives in Schurig’s Bellevue Hill home and gets around in a Maserati with the custom plates “CAD”.’
In 2013, the high-flying cookie company crumbled, going into receivership, and the ATO commenced proceedings for unpaid tax. Many of its Byron Bay staff lost their jobs and the receivers ultimately sold it to Rinaldi Pasta Group.
But the newspaper says Slater had seen the writing on the wall some months earlier and had ‘distanced himself from property assets, including a terrace in Surry Hills and two prestige homes in Byron.’
‘The bankruptcy trustee Jirsch Sutherland agreed that Slater could pay $140,044 to his estate and be debt free in three years,’ according to the AFR.
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