Accused Canberra cocaine importer ordered to pay ATO $12 million

Mr Arnold and Mr Campbell have been extradited to Australia and are both currently locked up in NSW.

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In March, the Australian Tax Office filed a Federal Court lawsuit to recover tax related debts owed from the Mr Waters, Ms Waters, Fit Republic Clothing Pty Ltd, Triswat Constructions Pty Ltd, and Triswat Developments Pty Ltd.

The case related to income tax, administrative penalties, accrued interest, and a running balance account deficit debt going back as far as the 2009-10 financial year.

The ATO also sought declarations that Ms Waters had an interest in two Griffith properties owned by Barrallier Street Holdings and Landsborough Street Developments.

Last month, Justice Nye Perram ordered the tax office receive a total of $12,283,883 from the respondents.

Mr Waters was ordered to pay the majority at $4.07 million, while Ms Waters was found to owe $2.97 million.

Judgement was also made against Fit Republic Clothing ($1.76 million), Triswat Constructions ($2.77 million), and Triswat Developments. ($702,469).

However, Justice Perram ordered the judgement against Ms Waters be stayed.

The judge has also given permission for 11 Canberra properties – located in Lawson, Moncrieff, and Griffith – which had previously been frozen, to be sold, in consultation between the mortgagee and the tax office.

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A Vaucluse property owned by Mr Waters was sold last month for $3,025,000, with permission from the NSW Supreme Court.

The matter has been listed for case management and will return to court next week.

Meanwhile, Mr Arnold and Mr Waters are also under the spotlight for their alleged links to the Plutus tax fraud.

The liquidator of Hartford Investments, Richard Albarran of Hall Chadwick, has summoned more than a dozen people for a Federal Court examination next month to explain “uncommercial transactions” made at the firm before it was wound up in 2016.

Arnold and several other prominent Canberrans – including nightclub boss Maurizio Rao and lawyer Ben Aulich – are set to be grilled under oath over $11 million that exited an investment firm linked to the Plutus case.

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Five Plutus payroll companies are facing orders to produce evidence as well as firms linked to Waters family, such as Kismets and Spartan Constructions.

A four-day examination will be held in NSW later this month.

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