Ram v Tan [2017] NZIACDT 18 (26 September 2017) [pdf, 243 KB]
...the complaint, which Ms Aasa did not do. [16] Mr Tan acknowledged the principles relating to monetary penalties, particularly, that they are not the same as fines in that they will not survive bankruptcy. However, Mr Tan provided evidence in the form of an affidavit regarding his financial circumstances. The key points being: [16.1] The company that operated the practice was not trading and accumulated tax losses of some $25,000. [16.2] He is a full-time student without employme...