Latter's Transport in liquidation

One of Queensland’s largest road transport businesses, Latter’s Transport, placed in liquidation following failure to pay outstanding ATO debt

Latter's Transport in liquidation
Latter’s Transport in liquidation

March 17, 2010

One of Queensland’s largest road transport businesses, Latter’s Transport, has been placed in liquidation following the failure to pay an outstanding debt to the Australian Taxation Office (ATO).

The ATO lodged a wind-up application against the 40-year old business in January, with the court approving the move on March 9.

Raj Khatri and Ivor Worrell of insolvency specialist Worrells were first appointed administrators of the company on February 10 prior to being appointed liquidators earlier this month.

A spokesperson for Worrells confirms the appointment, "pursuant to a winding-up application by the Australian Taxation Office".

But he advises the liquidators are "currently carrying out the necessary investigations into the company’s affairs" and "are not in a position to answer" further questions.

The phones at Latter’s head office in the Brisbane suburb of Archerfield have been cut.

Latter's Transport was founded in 1969 by Jim Latter and grew into a major subcontractor throughout Queensland, first for East West Freighters and then NQX.

According to its website, the company boasted a fleet of 80 prime movers and more than 140 trailers.

Australian Securities and Investments Commission (ASIC) records show the company was owned by James and Claire Latter.

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