Greater obligation on company directors

Tougher new pay-as-you-go (payg) and superannuation payment laws will make company directors more accountable, according to taxation expert Scott Hedge.

As a result of changes to the law, company directors can now be held personally responsible for a company's tax liabilities.

The change aims to eradicate so-called "phoenix activity”, where directors knowingly allow a company to incur debts before liqu...

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