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Nudie Juice's founding family, the Binetters, will have to repay $125 million to the Australian Taxation Office following the wrap-up of a long-running offshore tax evasion inquiry.

According to a Federal Court ruling on Friday, the family members stashed millions of dollars of undeclared money in Swiss and Israeli accounts, and paid an Israeli lawyer to destroy documents relating to their accounts.

The $125m includes tax, penalties, interest and liquidation costs.

Michael and Andrew Binetter were also found to have breached their duties as directors.

About $50m from last year's sale of Nudie by Philippine company Monde Nissin has been frozen, and the Binetters may have access to this money, depending on the outcome of a separate lawsuit.

Packaging News

IVE has officially opened its new Kemps Creek printing supersite in Western Sydney, with MD Matt Aitken telling guests its packaging hall is “modelled on the best examples we have seen across Europe”.

Tetra Pak has appointed Michael Wu as managing director of its Oceania business, with responsibility for the company’s operations across Australia and New Zealand.

APCO, ACOR and Boomerang Alliance are calling for a nationally consistent EPR for packaging, in the wake of RPA's collapse and confirmation that no new Commonwealth packaging scheme will be introduced.