Published on 16 May 13
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
Changes to the director penalty legislation became effective in June 2012 to increase the potential liability of directors. The legislation was already broad before the changes, and few directors know the extent of their exposure.
This paper covers:
- the phoenix penalties – how far does it spread?
- changes in 2012 – new traps
- Impact on the superannuation guarantee charge
- what do you need to tell your client?
- recent cases
- transitional provisions.
Brad is an Official Liquidator, Registered Trustee and Partner with Lawler Partners' Business Recovery and Insolvency Team. With 14 years specialist experience, Brad has managed a large variety of corporate and personal external administration processes across a broad range of industries.
- Current at
19 April 2013