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Tag Archives: insolvency
Director penalty noitces – changes delayed
We have an update to our previous reports that the government is looking to extend the current Director Penalty Notice regime from unpaid PAYG to include unpaid superannuation. Yesterday, directors were given a temporary reprieve from the potential of personal … Continue reading
Delay to the start of the Personal Property Securities (PPS) Register
The new national Personal Property Security (PPS) Register was planned to start in October 2011. The Attorney-General’s Department (AGD) are leading the implementation of this new service. AGD have advised that, due to system issues, the start of the PPS … Continue reading
DIRECTOR PENALTY NOTICES TO INCLUDE UNPAID SUPERANNUATION
In the recent 2011 Federal Budget, the Government made its intentions clear in dealing with “phoenix activities” by Directors. The term “phoenix activities” is commonly used to describe arrangements whereby a company incurs, but does not pay, various liabilities whilst … Continue reading
