Eden Christian Academy liquidation: Christian school owed $322,446 in tax

Reminder, this is a Premium article and requires a subscription to read.

An Auckland private Christian school has closed its doors owing hundreds of thousands of dollars in unpaid taxes.

Inland Revenue (IRD) appointed the Official Assignee as liquidator to Eden Christian Academy (Franklin) in the High Court at Auckland in September over overdue bills.

The first report for the administration, released today, showed Inland Revenue was by far the largest creditor and was owed $322,446.

Other creditors, including a company that appears to be its landlord and the Bank of New Zealand, are owed another $77,522.

“The cause of this liquidation appears to be related to a failure to account for taxation,” the first report said.

No assets had as yet been identified to satisfy creditors.

The company had operated as a charity until May, when it was deregistered over a failure to file annual accounts.