LATEST: BROKEBACK MOUNTAIN star Michelle Williams' father has been released on bail in Australia after he was arrested on Saturday (20MAY06) for allegedly failing to pay US taxes. LARRY RICHARD WILLIAMS was detained after American authorities issued a warrant for his return to the US where he is wanted on charges of evading US $1.5 million (GBP833,000) in income tax. Williams, whose daughter has a baby, MATILDA, with Australian actor Heath Ledger, arrived in Sydney from South Africa, and was due to be a guest speaker at a series of financial seminars in Australia. Williams, a world-renowned share trading guru who travels extensively revealing his stock market secrets, has been freed on AUS $1 million ($757,000/GBP420,000) bail. He has been ordered to stay in central Sydney, surrender his passport and report to police three times a day. He is accused of creating false documents and using multiple bank accounts to evade his huge tax bill. Williams is due to return to court on 29 May (06).