GST Director Penalty Notices
In July 2019, the Federal Government introduced the Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019 to seek to introduce GST Director Penalty Notices. The legislation was passed by both houses of Parliament on 5 February 2020. The legislation amends director penalty provisions so that Director Penalty Notices can be issued for GST, as well as Luxury […]
What is a Director Penalty Notice
A Director Penalty Notice (DPN) can be issued by the ATO against company directors in order to recover unpaid debts. Company directors can be held personally liable for the outstanding tax liabilities of a business so it’s crucial to have a good understanding of your rights and obligations under this area of law.