Miscellaneous 2009

Tax issue for companies (and their directors) when approaching, and entering, insolvency

Source: TAS

Published Date: 16 Oct 2009


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This paper provides a practical insight into the rights, obligations and entitlements of companies and their directors when insolvency is looming. It considers when a proactive approach is warranted in dealing with the taxman's debts, and the consequences of adopting a ‘head in the sand' attitude. The paper focuses on real life situations affecting SMEs in the Global Financial Crisis and covers:

  • tricks and traps for negotiating tax debts with the ATO
  • when personal liability attaches to directors for unpaid tax debts, and how to ensure personal liability does not arise
  • the (few) circumstances under which the ATO enjoys a priority over unsecured creditors.


  • Published By: Lachlan R Wolfers CTA
  • Published On:16 Oct 2009
  • Took place at:Tamar Valley Resort, Tasmania

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Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

The Tax Institute
(ABN 45 008 392 372 (PRV14016))


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Miscellaneous 2009

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