Changes to the Director Penalty Notice Regime

Prior to 5 February 2020, if a Company fails to report its Pay As You Go Withholding Tax (“PAYG”) and Superannuation Guarantee Charge (“SGC”) obligations/liabilities within the below time period, the Director(s) automatically becomes personally liable for that Company debt. PAYG- 3 Months of the due date of the Business Activity Statement (“BAS”); SGC- 28 … Continued

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