Changes to Director Penalty Notices – Payday Super
The ATO can issue a Director Penalty Notice (DPN) to recover a company’s unpaid PAYG Tax, GST and superannuation from a company’s directors. These DPN provisions have been around for years....
PAST ARTICLES
Restructuring Personal Debt: Understanding the Role of Part IX Debt Agreements
If you are facing financial difficulty and don’t want to go bankrupt, you may wish to consider a compromise with your creditors under Part IX of the Bankruptcy Act 1966. Such a compromise is commonly referred to as a Debt Agreement....
What Debts Are Not Released by Bankruptcy
Bankruptcy releases you from most unsecured debts. The release actually occurs when you are discharged from bankruptcy, that is at the end of your bankruptcy, which is usually after three years and one day....
ATO’s Approach to GIC Remission; It is Now Tougher than Ever
In early 2026 the Taxation Ombudsman released a review into the ATO’s decision making process in relation to the remission of General Interest Charge (GIC) to taxpayers....
ATO Departure Prohibition Orders: How the ATO Can Stop You Travelling
The Australian Tax Office (ATO) has broad powers to stop individuals from leaving Australia using Departure Prohibition Orders (DPOs). These orders are a strong enforcement tool used to compel payment of outstanding tax debts or force engagement with the ATO....
Options Available For Individuals to Deal with Tax Debts
The most common options for individuals to deal with tax debts are: Pay the debts in full, Bankruptcy, A Personal Insolvency Agreement (PIA)...
Options for Companies to Deal with Tax Debts
The most common options for companies to deal with tax debts are: Pay the debts in full, Small Business Restructuring (SBR), Liquidation...
Small Business Restructuring; What is the ATO’s Current Position
Small Business Restructuring (SBR) is a method for companies to settle debts they owe to creditors, while allowing the directors to remain in control of the company. The Small Business Restructuring process was introduced in 2021 and can be used by a company to avoid liquidation so that the company can continue trading....
9 Things to know about bankruptcy and tax debts
For individuals struggling with unmanageable debts to the Australian Taxation Office (ATO) personal bankruptcy is an option to enable the individual to obtain a release from those debts and make a fresh financial start in life....
Solutions for Personal Debt
Personal debt can feel daunting and difficult to resolve. Depending on the type, value and number of personal debts you have, there may be various solutions which are open to you. ...
What happens if you pay superannuation late
If you do not pay an employee's superannuation by the due date, you must lodge a superannuation guarantee charge (SGC) statement and pay the SGC to the ATO. The due date for paying superannuation is 28 days after the end of the quarter in which the superannuation was incurred....
Case Study: How We Saved a Business with Small Business Restructuring
Small Business Restructuring is a process by which an insolvent company can settle its debts. With the process mostly being used to settle ATO debts. This is an example of how we have used Small Business Restructuring to help a client in the restaurant industry....
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