The directors of collapsed luxury footwear retailer Sneakerboy are being sued by the Australian Tax Office over $500,000 in unpaid superannuation payments.
Directors Nelson Mair and Theo Poulakis owed multiple staff members leave, unpaid wages and superannuation entitlements before the business collapsed in July.
The ATO has sued Mair for $157,239.38 in penalties related to Sneakerboy’s outstanding superannuation payments over the final two quarters of last year.
He has also copped an additional $127,406 from Luxury Retail No.1’s unpaid super coupled with alleged unpaid income tax taking the total to $301,064.76 in penalties.
In documents filed with the County Court of Victoria, ATO claimed that the defendant failed to pay income tax for the relevant periods on or before the relevant due dates, according to The Australian Financial Review.
The tax agency maintains that when a minimum super for employees is not paid at the right time or to the right fund, company directors can be made personally liable for it.
Although Poulakis is facing the same claims, he faces $284,645.38 in director penalties.
“We are taking this matter very seriously and are currently getting advice on it from our legal and accounting advisers. Until we get the advice I cannot provide any more detail on our approach to the claim,” Mair told The Australian Financial Review in a statement.
