Directors can be personally liable for the company’s obligations to unpaid PAYG withholding amounts, Superannuation Guarantee Charge (SGC’s).
Director Penalties are the amount the company should have paid PAYG withholding amounts, SGC’s and GST by the due dates.
The ATO can issue Director Penalty Notices to a director to pay but has to wait 21 days until after the Director Penalty Notice is given before the ATO commences legal proceedings against the director.
Posted in Insolvency & Bankruptcy
