Director penalty notice and ATO estimates regimes: Expansion to GST has been saved
Director penalty notice and ATO estimates regimes: Expansion to GST
The Treasury Laws Amendment (Combatting Illegal Phoenixing) Bill 2019 is currently before the Federal Parliament awaiting debate. The Bill contains several measures announced in the 2018-19 Budget to counter illegal phoenixing activity, however, its impact is not limited to phoenixing arrangements. One of the impacts of the Bill will be a new category of potential liability for directors.