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.
Current at 15 January 2013
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