A prominent Perth businesswoman has been compelled to open her financial records after her latest corporate venture collapsed, leaving creditors seeking answers.
Natasha Donnelly, who previously operated under the name Natasha Garrity, has been ordered by the Federal Court to provide a comprehensive account of her personal wealth and financial transactions. This directive comes as liquidators investigate the failure of her most recent business endeavor.
Court Orders Financial Transparency
The court mandate requires Donnelly to disclose detailed information about her assets, including property holdings, bank accounts, investment portfolios, and any luxury items of significant value. She must also reveal any financial transfers made to family members or associated entities in recent years.
This legal action represents an escalation in the liquidator's efforts to trace funds and understand the complete financial picture following the company's demise. Creditors are particularly concerned about potential asset shifting that might have occurred prior to the collapse.
Pattern of Business Failures
This marks the latest in a series of business failures linked to the Perth entrepreneur. Her current financial predicament follows previous corporate collapses that have left numerous creditors facing substantial losses.
The liquidator's investigation aims to determine whether there are recoverable assets that could provide some compensation for those owed money. The court order specifically targets understanding Donnelly's current financial capacity and whether any assets were improperly transferred before the business failure.
The Federal Court has set strict deadlines for compliance, requiring full disclosure within specified timeframes. Failure to adequately respond to the order could result in contempt of court charges and potential further legal consequences for the businesswoman.
Creditors Await Answers
Various businesses and individuals who provided services or products to Donnelly's company now face uncertain recovery prospects. The liquidator's ability to successfully trace and recover assets will directly impact what percentage of their claims might eventually be paid.
This case highlights the increasing scrutiny being applied to directors of failed companies, particularly when multiple business collapses occur. Regulators and liquidators are taking more aggressive approaches to ensure proper accountability and transparency in corporate failures.
The outcome of this financial disclosure process could have significant implications for Donnelly personally and set important precedents for how similar cases are handled in Western Australia's business community.
