4 ms·
8 Million? Found three in the news Orica, Penrice Soda and Clives Nickel. I remembered hearing about a few in the news at the time and went looking for it. Not
by cam_l 7y ago
8 Million? Found three in the news Orica, Penrice Soda and Clives Nickel. I remembered hearing about a few in the news at the time and went looking for it.
Not sure if Orica is the one you meant. But if it is, the links really do tell a story about the kind of information presented in the media as an immediate and memorable headline, versus the backstory which plays out over a number of years.
TLDR: This company got more in rebatement that they spent, any actual losses were as a result of poor enviromental and safety practices, and they also got caught for some $30m for tax avoidance.
https://www.australianmining.com.au/news/orica-to-pay-8-million-under-carbon-tax/ https://www.australianmining.com.au/news/orica-to-pay-8-mill...
https://www.afr.com/companies/financial-services/carbon-tax-incidental-to-orica-20110726-i4uwj https://www.afr.com/companies/financial-services/carbon-tax-...
https://www.smh.com.au/environment/orica-gains-from-past-as-polluter-20111126-1o07l.html https://www.smh.com.au/environment/orica-gains-from-past-as-...
https://www.orica.com/ArticleDocuments/301/2013_Full-Year-Results-Presentation.pdf.aspx https://www.orica.com/ArticleDocuments/301/2013_Full-Year-Re...
https://www.smh.com.au/business/companies/orica-announces-191m-write-down-after-burrup-hiccup-20190429-p51i7u.html https://www.smh.com.au/business/companies/orica-announces-19...
https://www.smartcompany.com.au/finance/economy/orica-fined-more-than-750-000-for-pollution-accc-points-finger-at-qantas-and-virgin-over-carbon-tax-claims-midday-roundup/ https://www.smartcompany.com.au/finance/economy/orica-fined-...
https://www.smh.com.au/business/companies/orica-profits-hit-after-losing-battle-with-australian-tax-office-20151208-glif7w.html https://www.smh.com.au/business/companies/orica-profits-hit-...
edit:
Here are some links for Penrice Soda. Turnover $137m, claimed they had to pay $8m in carbon tax, actual bill was $1.9m, never paid. Closed their plant, went into administration a year or two after. Company was trading insolvent.
https://www.abc.net.au/news/2013-01-18/penrice-soda-pulls-pin-on-soda-ash-production/4471004 https://www.abc.net.au/news/2013-01-18/penrice-soda-pulls-pi...
https://www.news.com.au/tablet/carbon-tax-hurts-say-ailing-firms/news-story/0d5d45be8206b4e63d8fb78515116bf9 https://www.news.com.au/tablet/carbon-tax-hurts-say-ailing-f...
http://www.ferret.com.au/c/Ferret-www-ferret-com-au/Penrice-Soda-yet-to-pay-carbon-tax-bill-n2505888 http://www.ferret.com.au/c/Ferret-www-ferret-com-au/Penrice-...
https://www.smh.com.au/business/penrice-soda-goes-into-administration-20140411-36id4.html https://www.smh.com.au/business/penrice-soda-goes-into-admin...
https://www.smh.com.au/business/penrice-soda-traded-while-insolvent-say-administrators-20140731-zz5fr.html https://www.smh.com.au/business/penrice-soda-traded-while-in...