It has been a tactic for directors to backdate their resignation to avoid liabilities to a Liquidator, the ATO and creditors in general. But the Federal Government has brought in an Act to combat this.
Pre-insolvency Advisers Sentenced To Jail
If you require any pre-insolvency advice, our team of accountants is ideally placed to provide professional advice on alternatives to bankruptcy or liquidation. It is always important to seek advice from qualified professionals.
The cost of illegal phoenix activity
The direct cost of illegal phoenix activity was estimated to cost between $2.85 billion to $5.13 billion for the period from 1 July 2015 to 30 June 2016.
Company Directors: Your top 8 personal risks with voluntary liquidation
Don’t put your own future in jeopardy! Understand the key personal risks of voluntary liquidation for directors – and how you can mitigate them…here!
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