March 4, 2020

Directors personally liable for company’s GST liabilities from 1 April 2020

From 1 April 2020, company directors can be personally liable for their company’s outstanding GST. This is an extension to the existing director penalty regime that allows the ATO to collect unpaid Superannuation Guarantee Charges and PAYG liabilities from directors personally. The Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019 received royal assent on 17…