The government recently released a raft of reforms cracking down on illegal phoenixing activity for consultation, including making directors personally liable for GST debts of the companies they manage.
Read the full article on Accountants Daily.
Anti-phoenix GST liability measure ‘onerous’ on directors
The government’s proposal to make directors personally liable for GST debts of the companies they manage could help reduce phoenix activity but would be "very onerous" on directors according to a mid-tier accounting firm.
