Directors personally liable under new ATO legislation
By Rhiannon Sawyer · 23 August 2012 · Locked
By Rhiannon Sawyer · 23 August 2012 · Locked
A shift in ATO legislation puts directors in the crosshairs, leaving them personally liable for unpaid staff benefits. Will you be next?
When a company struggles, there are plenty of creditors knocking at the door. However new ATO legislation extends the personal liability of directors for unpaid super and PAYG for their staff, making them a priority in who gets paid first.
Tags: ATO, ATO legislation superannuation, company director liability, director liability Australia, director liability insurance, liability of directors, new ATO legislation, PAYG