Instead, the money went into Taylor’s accounts.
Taylor was a registered Tax Agent with Inland Revenue at the time of the offending but was removed from the list in November 2022.
He was sentenced to six months’ community detention and ordered to complete 120 hours of community work.
The judge allowed sentence discounts for his charity work, repaying the loans and his poor health.
All of the SBC loans have been repaid to Inland Revenue.
Last year, Upper Hutt man Shane Douglas McNally was jailed for three years and 11 months for his part in fraudulently receiving more than $82,000 in Covid support.
McNally and co-accused Brendon Blair McBride made 21 SBC applications under 19 separate identities. Seven of those applications were accepted.
The pair’s offending came to light when Inland Revenue found both were receiving the unemployment benefit and neither met the criteria for a SBC loan.
In May, the tax agency said more than 129,000 businesses received loans totalling $2.4 billion.
About half (64,000) of people had repaid their loan in full, with $853m still owing.
Inland Revenue said it was actively taking steps to recover money from the about 14,300 customers whose loans are in default, owing just over $242m.
