Western Sydney high-rise apartment developer Merhis Corp has struck a deal with liquidators to pay around $20 million to unsecured creditors, including the Australia Tax Office, who were caught up in the collapse of more than half a dozen of its subsidiaries.

The Australian Financial Review revealed in December that the developer and builder, which has projects in Liverpool, Auburn, Blacktown, Parramatta and Bankstown was being pursued by the Australian Tax Office over millions of dollars of tax debts.