Rear Window

Jamie Pherous lent $13m to Shine Lawyers

It is highly unusual for a public company to borrow money from a high-net-worth individual not in the money-lending business.

Joe AstonColumnist

May 18, 2022 – 6.00pm

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As expertly traversed by our man in Brisbane, Liam Walsh, Corporate Travel Management founder Jamie Pherous has confronted the tax problem he triggered by losing control of his private company, Pherous Holdings, in March 2019.

Three years ago, sloppy bookkeeping by Pherous allowed the registration of Pherous Holdings to lapse, causing the ownership of nearly 21 million Corporate Travel shares to transfer temporarily to the Australian Securities and Investments Commission.

Joe Aston is the founder of Rampart and the best-selling author of The Chairman’s Lounge: The inside story of how Qantas sold us out. From 2012 to 2023, Joe helmed The Australian Financial Review’s Rear Window column.