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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

Samsara Eco has launched its first enzymatic recycling plant in Jerrabomberra, NSW, scaling its breakthrough technology to convert hard-to-recycle plastics into virgin-identical, circular materials for use across the apparel, automotive, and packaging sectors.

Cleanaway and Viva Energy have shortlisted two pyrolysis technology vendors and begun a feasibility study for Australia’s first large-scale advanced soft plastics recycling facility.

In a major boost to recycling efforts across New South Wales and South Australia, each state’s CDS is set to expand to accept wine and spirit bottles and larger drink containers, from mid 2027.