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The aircraft operated by Compass were leased from Canadian Airlines International Ltd. At the relevant time, the Civil Aviation Act 1988 contained provisions relating to the imposition of charges for services and facilities provided to airline operators. The legislation also created a statutory lien over aircraft to secure payment of such charges.
Under Australian law, a proprietary limited company (abbreviated as 'Pty Ltd') is a business structure that has at least one shareholder and up to 50, where the liability of shareholders is limited to the value of shares. Its counterparts include the public limited company (Ltd) and the Unlimited Proprietary company (Pty) with a share capital.
This was found to be an inefficient system, which lead to problems, particularly if two company names differed in one of the middle letters, for example: Strudle Pty Ltd and Stradle Pty Ltd. Unique identifiers, like the ACN, were introduced to reduce fraud and mistakes by clearly differentiating companies and subsidiaries having similar names ...
Cherry picking tax avoidance was a form of tax avoidance used in Australia in the 1970s and early 1980s. Company contributions to a superannuation fund were claimed as tax deductions, but the money immediately went back to the company. In the taxonomy of tax schemes, this one was an obvious abuse of an intended system.
In Australia, the group's former name was High Risk Security Group (Asia-Pacific) Pty Ltd (2010), Paladin Group Pty Ltd (2010-2018) and is now Paladin Aus Pty Ltd (2018–present). Their Australian Business Number is 64 144 000 573.
Credit Corp Group is an Australian debt collector and debt buying company. [2] The company purchases and collects debts in Australia, New Zealand and the United States (US). [3]