Oz sets taxman on coal baron Tinkler
Agencies : Fri Nov 23 2012, 18:25 hrs
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"Additional pressure from entities including the Australian Taxation Office puts pressure on Noonday and Farallon to do something about Tinkler's stake," said Matthew Trivett, a coal and speciality metals analyst at Patersons Securities. Noonday and Farallon could call in the loans to ensure the transfer of ownership of the stake before other creditors begin chasing the stake, Trivett said.
They would likely take a hit, but might decide to "book the loss to take the assets away from Tinkler," Trivett said.
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