NEWS -

Pilbara company confronts hefty tax bill

Administrators have been appointed to the Ngarluma Yindjibarndi Foundation in Western Australia’s Pilbara as it faces a $2.5 million tax bill.

Australian Securities and Investment Commission documents show the company trades in its own right and also acts as trustee for the Ngarluma and Yindjibarndi Foundation Trust and the Roebourne General Good Store Trust.

A first meeting of creditors is to be held in Roebourne on March 22.

Administrators Jeremy Nipps and Cliff Rocke were appointed to the company this month.

NYFL’s business ventures include cafes, cleaning and maintenance.

It also receives an income from the NW Shelf gas project.

It has 1400 members and aims to promote the interests of its beneficiaries, in particular the Ngarluma and Yindjibarndi people.

The administration was voluntary.

 

The post Pilbara company confronts hefty tax bill appeared first on National Indigenous Times.


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