This paper gives a detailed outline of the director penalty provisions, specifically dealing with the amendments that were enacted from 29 June 2012.
The paper focuses on the implications of the new provisions and the uncertainties that exist as to their application. It will also address the potential for application of the new provisions to PAYGW and Super Guarantee debts that arose prior to the enactment of the new provisions.
The paper also includes a number of case studies to highlight the operation of the new provisions, and will compare the outcomes to what would have happened under the old provisions.
Materials from this session: