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Tinkler's stud finds unpaid wages

Nathan Tinkler’s Patinack Farm thoroughbred stud has come up with the more than $240,000 it was required to pay in unpaid wages today and assured workers it hopes to keep their jobs, settle all debts in full, and will apply to terminate the liquidation begun last week.

Adelaide-based liquidator Anthony Matthews and Associates was appointed by the Federal Court last week to wind-up Patinack Farm Administration after it failed to pay a $17,000 debt to South Australia’s WorkCover agency. 

At the time a spokesman for Mr Tinkler said the failure was due to an ‘‘administrative error’’. The company was the main employer at Patinack and it is believed to have total liabilities - outstanding super, wages, taxes and workers compensation premiums - of between $5-6 million.

In a statement today the liquidator Anthony Matthews said the directors of Patinack Farm Administration - one of at least a dozen private companies involved in Mr Tinkler’s racing operation - had confirmed they ‘‘wish to preserve the employment of all staff and to provide funds to meet their ongoing wages and entitlements. 

‘‘I have been further advised by the directors that it is their intention to discharge all debts owed to creditors.’’

It is understood Patinack Farm Administration has paid $270,000 in wages and other entitlements plus about $50,000 in liquidator’s fees. Raymond Nolan from the liquidator’s office said: ’’all the funds we’ve asked him to pay to date have been paid’’. 

HuffPost Australia

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