Nathan Tinkler has avoided a long-running royalty dispute after reaching an 11th hour settlement with former business partner Matthew Higgins.
Mr Higgin’s barrister Douglas Savage told the Supreme Court in Brisbane today his client and Mr Tinkler had settled their dispute over royalty distribution for the Middlemount coal mine in central Queensland.
The Australian Tax Office has also withdrawn from a number of proceedings against Mr Tinkler’s companies, after telling the Federal Court in Sydney, debts had been paid.
The ATO had been pursuing several of Mr Tinkler’s companies, including the Newcastle Jets and his building arm the Buildev Group, over unpaid debts.
