A $2.4 MILLION debt has thrust the future of one of Bundaberg’s oldest hotels into uncertainty.
Formerly trading as the Grand Hotel Bundaberg, Tomik Pty Ltd was ordered to be wound up by the Federal Court earlier this month after the Australian Taxation Office made an application for it to be put into liquidation in April.
The company owes more than $1.2 million to the ATO.
Appointed as liquidator by the court on August 3, Bradley Vincent Hellen, of Pilot Partners, said Tomik’s insolvency woes stemmed from its sizeable tax debt.
“This company has been around for a long time and I don’t think they’ll necessarily be closing,” Mr Hellen told the NewsMail.
“My understanding is the hostel is still operatin…
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