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Tuesday, 2 December 2003
Page: 23535

Mr Murphy asked the Treasurer, upon notice, on 16 September 2003:

Further to the answer to part (3) of question No. 1416 (Hansard, 26 May 2003, page 14975) what is the Taxation Commissioner doing to ensure that Mrs Mary Cummins pays to the Taxation Commissioner the large taxation debt (plus interest) due to the Treasury following the bankruptcy of her husband, the former QC, Mr John Cummins.

Mr Costello (Treasurer) —The answer to the honourable member's question is as follows:

The Commissioner of Taxation, as a creditor in the estate of Mr Cummins, has funded the trustee in bankruptcy to pursue assets transferred to Mrs Cummins. The matter was before the Federal Court and a judgment was handed down on 24 September 2003 which will result in a recovery of about 97 cents in the dollar by the trustee.