Assume the new guy paid the sod some or lots of money. They have details and leverage on the sod it is tough for you or I to get hold of. Hope it all works out
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I did a DIY job for both at about $450 each I think. ASIC fee indexation | ASIC - Australian Securities and Investments Commission
Rotten inflation takes it to $479, Shelf companies are supposed to be fully cleansed. I do know of one or two where this did not work and the mess was very very messy.
i used a legal eagal and it cost me $600 from memory
was worth every penny many times over in the end as he knew what he was doing and when i was the subject of a fraud quite a few years later, it paid big dividends.
imho later company rules offer little to no benefit / protection over a registered business to a sole trader if you arent earning the money needed to justify it or have some sort of trust you need to be propping up last time i bothered to look at it all.
horses for courses when it's all said and done.
John Im feeling your pain [wink11]
Would love to visit this person:bat: