Speeding Fine 8km over $2900 !!!! - Australian Ford Forums

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Speeding Fine 8km over $2900 !!!!

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08-12-2014, 03:17 AM

#16

blueoval

Critical Thinker

Join Date: Jan 2005

Location: Adelaide

Posts: 20,419

Valued Contributor: For members whose non technical contributions are worthy of recognition. - Issue reason: Well thought out and constructive posts. A real credit to this forum.

Re: Speeding Fine 8km over $2900 !!!!

Quote:

Originally Posted by Phildo

Set up a shelf company ($1000 cost?).

Register the car in that company's name.

Get a $2,952 fine.

Shut the company down and sell car to replacement shelf company.

Stupid, but cheaper.

I wish it were that simple but if its a company, then there would be a lot of legal and accounting fees to pay to reconcile the dissolution of that company. That vehicle would more than likely be used as a form of collateral to pay for any outstanding bills owed by the company including fines.

With ocba/asic they make sure all 'I's are dotted and all 't's are crossed before any company is forclosed or liquidated.

Happy to be proven wrong.

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