2013 Tax administration Miscellaneous

Increased tax risks for directors

Source: New South Wales

Published Date: 16 May 2013

 

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Changes to the director penalty legislation became effective in June 2012 to increase the potential liability of directors. The legislation was already broad before the changes, and few directors know the extent of their exposure.

This paper covers:

  • the phoenix penalties – how far does it spread?
  • changes in 2012 – new traps
  • Impact on the superannuation guarantee charge
  • what do you need to tell your client?
  • recent cases
  • transitional provisions.

Individual Session

Increased tax risks for directors

Author(s): Bradley Tonks
Materials from this session:

Details

  • Published By: Bradley Tonks
  • Published On:16 May 2013
  • Took place at:Hilton, Sydney

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2013 Tax administration Miscellaneous Income tax Superannuation Bankruptcy

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