PAST ARTICLES

When are you personally responsible for your company’s debt?

When are you personally responsible for your company’s debt?

Being the director of a company carries numerous potential liabilities – we look at a few of the situations where you must also take on the business' debt....

How does the ATO force your business’ hand?

How does the ATO force your business’ hand?

The Australian Taxation Office handles a large number of debts, and chases up businesses in many ways. Here is what to look out for....

Pre-Insolvency Advisor Jailed

Pre-Insolvency Advisor Jailed

A Gold Coast pre insolvency advisor has been sentenced to eight months imprisonment, which is to be served by way of an intensive correction order. This follows an investigation and subsequent prosecution instigated by the ASIC. The investigation and prosecution resulted from the advisor arrangin...

ATO and ASIC Target Illegal Phoenix Activity

ATO and ASIC Target Illegal Phoenix Activity

In August 2016, the ATO and the ASIC conducted raids on 13 businesses and residences in Brisbane, the Gold Coast and Melbourne. The raids were targeted at one or more pre-insolvency advisors who the ASIC and the ATO suspected may have been involved in facilitating illegal phoenix activity. Illeg...

ASIC Taking Steps to Stop Illegal Phoenix Activity

ASIC Taking Steps to Stop Illegal Phoenix Activity

The ASIC is currently taking steps to combat illegal phoenix activity. The ASIC has advised “illegal phoenix activity is a serious crime and may res...

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