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

Revenues were down by more than 13 per cent in both Flexibles and Speciality Packaging at Pro-Pac for the half year to December 31, in what the company said was a volatile and challenging market.

Visy is launching an Australian-made retail paper bag today, made from thicker paper containing recycled content. The new bags are recyclable through Australian kerbside recycle bins.

Jet Technologies – a leading provider of print, packaging and industrial solutions in Australia and New Zealand – has opened its first distribution centre in Brisbane.