Directors, as stewards of a company’s financial health, must be aware of the far-reaching implications of Director Penalty Notices (DPNs). A Director Penalty Notice is a tool employed by the Australian Taxation Office (ATO) to hold…
ATO cracking down: An update for your business
The Australian Taxation Office has recently announced in its 2023-2024 corporate plan that its main priorities will include addressing collectible debt. This plan confirms that the ATO will be taking a stronger stance on outstanding amounts…
Breaking Down QLD’s Infant Preliminary Disclosure Rule
In December 2021, the Queensland government amended the Uniform Civil Procedure Rules 1999 (Qld) (“UCPR”) to include a new rule headed ‘Orders for preliminary disclosure’.[1] Under the new rule, the Court may order that a ‘prospective…
Causation and Reliance in Misleading or Deceptive Conduct
Under section 18 of the Australian Consumer Law (ACL), a person must not, in trade or commerce, engage in conduct that is misleading or deceptive or likely to mislead or deceive. Section 236 of the ACL…
Issues that arise when winding up companies
Parting ways: Issues that arise when winding up companies that are part of a partnership While liquidators are usually very adept at approaching the winding up of companies pursuant to the Corporations Act 2001 (Qld), complex…