AFTER dodging liquidation last week, Nathan Tinkler's Patinack Farm Administration was ordered to be wound up after a Federal Court hearing in Adelaide on Wednesday.
A spokesman for Mr Tinkler said accountants within the group failed to clear a $16,978 debt to South Australia's WorkCover due to an administrative error, and the money was paid by late afternoon.
Another debt to Queensland WorkCover was also paid on Wednesday, he said, with the figure believed to be about $163,000.
Legal sources told BusinessDay it could be ''too late'' to stave off a wind-up given Adelaide-based Anthony Matthews and Associates had control of Patinack, one of a dozen entities forming part of the troubled Patinack thoroughbred stud.
Anthony Matthews said it was ''in discussions with key management and the company's business advisers as to the future of the company and its employees'', who were urged to lodge any claims with the liquidator. An update would be given within 48 hours, the liquidator said.
Lawyers told BusinessDay there was provision under the Corporations Law for the court to stay a wind-up, including at the request of the liquidator, although it was extremely rare.
A spokesman for WorkCover SA confirmed the outstanding debt had been paid, although not yet legal costs of $3648.
On Tuesday Mr Tinkler's Mulsanne Resources went into liquidation owing $28.4 million to coal explorer Blackwood Corporation. Mr Tinkler and his right-hand man, Troy Palmer, are directors of both Mulsanne and Patinack Farm Administration.
The directors of a company found to have engaged in insolvent trading can become personally liable for the company's debts 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 New South Wales Office of State Revenue. It also settled a Tax Office claim said to be worth millions and a separate claim by NSW WorkCover.
Mr Tinkler's main private company, Tinkler Group Holdings remains the subject of wind-up proceedings over a $145,000 debt to security firm Internet Fraud Watchdog.