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Directors Duties: ATO Penalty Notices

• Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner

Thomas Dawson is a Registered Liquidator with DCL Advisory and he has sent us a summary of changes to the ATO’s Director Penalty Regime.

Being a Director of a company in Australia is fraught with personal financial liability which is something that Senator Bob Day is discovering at this very moment.

Will Senator Bob Day lose everything?

Don’t know but the courts will remind him that as the Director he will bare ultimate responsibly for his company’s failure.

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