| Abstract: |
A major liquor wholesaler accused of selling fake spirits is in administration, as the Australian Taxation Office (ATO) closes in on the operation. Key points :Business papers reveal Fernbrew's 2017 revenue was $66 millionIt's facing a large tax bill after an ATO audit and has gone into administration. Fernbrew claims to import Blue Cactus Tequila, which authorities say isn't authentic Fernbrew Pty Ltd called in administrators on January 30 — five months after it was exposed in an ABC investigation into counterfeit spirits. The ATO sent Fernbrew's clients a letter claiming the company had an unpaid tax bill of more than $87 million. |
