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More than 200 workers at Nathan Tinkler's Patinack Farm in the New South Wales Hunter region look likely to lose their jobs today.
The Federal Court yesterday ordered the company into liquidation over a debt of around $17,000 to Work Cover South Australia.
But Patinack Farm says the debt was not paid because of an administrative error and the company is expected to fight the liquidation order.
Court-appointed liquidator Tony Matthews says he expects the appeal process to start today.
"[Patinack Farm] has to make an application to the court and demonstrate that it is solvent that is that it can pay its debt as and when they fall due," he said.
Mr Matthews says it looks unlikely staff will be able to keep their jobs.
He notes Patinack Farm has other outstanding debts including $160,000 to Work Cover Queensland and $4 million to the tax office.
"I've had discussions with the solicitor acting for the director and advised that I don't have any assets that I'm aware of in this company and there's, I'm told, some 240 employees of the company," he said.
"Without any resources I'll have no alternative but to terminate their employment."
Patinack Farm, the owner of more than 1,300 horses including Caulfield Guineas winner All Too Hard, was the second Tinkler company to be liquidated in as many days.
WorkCover Queensland supported WorkCover South Australia in its application and the two were also awarded just over $4,000 in costs between them.
Hunter Sports Group says the liquidation of Patinack will have no impact on Mr Tinkler's sporting teams, the Newcastle Knights and the Newcastle Jets.
Topics: company-news, business-economics-and-finance, sandy-hollow-2333, australia, nsw
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