Omega hit by wind-up application

Omega hit by wind-up application

The Australian Taxation Office (ATO) has lodged an application for a company wind-up petition against hardware distributor, Omega Technology.

The document, which was submitted to the Federal Court in Victoria on November 3, stated that the ATO had applied to have Omega closed under section 459p, for failure to comply with a statutory demand.

A spokesperson for the ATO would not comment on its reasons for lodging the application.

Omega general manager, Barry Donaghey, dismissed the petition as a storm in a teacup and said it was a genuine misunderstanding between the two parties. He would not be drawn on specifics, but said the problem had arisen from an administrative issue.

Donaghey said he expected the application to be withdrawn and was confident Omega would resolve the matter out of court shortly.

The ATO had already adjourned its initial December court date, according to Donaghey.

"The fact that the ATO has adjourned on its court date is indicative that this issue will be resolved," he said.

Headquartered in Victoria, Omega is a national hardware distributor with seven branches across Australia.

The company struck a merger deal with national PC assembler and distributor, Hallmark, in March.

The agreement saw both parties combine their facilities in Adelaide, Melbourne and Darwin.

Donaghey said Omega was continuing to trade normally.

"We don't expect this to have any affect on our business at the moment," he said.

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