Original article by Jonathan Barrett
The Guardian Australia – Page: Online : 20-Jan-26

The Australian Taxation Office has awarded $42.8m worth of contracts to a company called Recoveriescorp since 2022, with the company paid to chase unpaid taxes for the ATO. However, it has been revealed that its parent company, Symbos Bidco, has not paid any corporate taxes in recent years, due to a series of annual losses. The losses were in spite of large income streams in its two most recent annual accounts, with it being the second company with major government contracts that has been identified by the media as running at a financial loss, with no tax payable.

CORPORATES
AUSTRALIAN TAXATION OFFICE, RECOVERIESCORP, SYMBOS BIDCO