Mr Nenad VIDOVIC was sentenced on 15 June 2017 after pleading guilty to charges of removal of property prior to bankruptcy, making a declaration in his Statement of Affairs that was false and removal of property after bankruptcy.
Mr Vidovic filed for voluntary bankruptcy on 17 February 2015 with debts of over $861,000. Between 3 November 2014 and 13 February 2015, Mr Vidovic withdrew in excess of $365,000 from his personal bank accounts. This money should have been used to pay his creditors. He told his bankruptcy trustee that he suffered from a depressive illness and alcoholism, and although he could not remember what he used the money for, he did spend a lot of time at gaming outlets.
Mr Vidovic was a self-employed builder trading as SN Construction. He owed the Australian Tax Office in excess of $372,000. On his Statement of Affairs, he failed to declare his income for the previous 12 months, eight bank accounts and the ownership of a motor vehicle.
After becoming bankrupt, Mr Vidovic received about $5,200 into his account as a result of gambling winnings. These monies vested in his bankrupt estate. He then failed to advise his trustee of these funds as required, and then withdrew $3,000.
Mr Vidovic was sentenced at Ringwood Magistrates Court by Magistrate La Rosa. He convicted and sentenced Mr Vidovic to a Community Corrections Order to perform 175 hours of unpaid community work over 15 months. He was also ordered to undergo treatment and rehabilitation and to pay disbursement costs of $178.90.
The matter was prosecuted by the Office of the Commonwealth Director of Public Prosecutions.