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Visit our dedicated small business restructuring site for small business owners facing financial distress.

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ATO's Directors Penalty Notice Information

The Director Penalty Regime enforces personal liability on directors for unpaid company debts like PAYG, GST, and super contributions (through Director Penalty Notices) requiring them to steer their company towards compliance or face the consequences.

Further Reading

Title
Short Summary
AFSA's Guide on Personal Bankruptcy and Company Liquidation
This guide created jointly by AFSA, in collaboration with ASIC and ARITA, offers essential insights into how personal bankruptcy and company liquidation interact.
Is Your Business Experiencing Financial Difficulty? - AFSA
AFSA provides strategies and insights for small businesses grappling with debt management and the implications of bankruptcy.
ASIC: Closing A Small Business
A navigational aid for small businesses seeking COVID-19 financial support, including JobKeeper and tax relief measures.
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