March 28, 2013 BY Rockliffs Lawyers

The Personal Property Securities Register (PPSR)

The Personal Property Securities Act came into force on 30 January 2012 establishing the Personal Property Securities Register (“PPSR”) which replaces more than 50 State and Territory based laws and security registers. The PPSR makes major changes to the registration of security... [Read More...]

February 18, 2013 BY Rockliffs Lawyers

Changes to the Director Penalty Regime on 29 June 2012

The essential changes are: Directors and penalties extended to unpaid superannuation guarantee payments as well as unpaid PAYG amounts; Directors are no longer able to discharge or extinguish a Director Penalty by placing a company into administration or liquidation when... [Read More...]

February 12, 2013 BY Rockliffs Lawyers

The Dangers of Outstanding Tax Obligations for Incoming Directors

The ATO has held the power to recover certain company taxation obligations from directors personally by issuing of Director Penalty Notices (DPNs) since June 1993. Under the DPN provisions, a director is personally liable for any unremitted withholding taxes (Pay... [Read More...]

January 24, 2013 BY Rockliffs Lawyers

New changes to the Fair Work Act 2009

  Amendments to the Fair Work Act 2009 commenced on 1 January 2013. Fair Work Australia has been renamed the Fair Work Commission. The time limit for lodging Unfair Dismissal Applications has increased from 14 to 21 days. The amendments... [Read More...]

December 6, 2012 BY Rockliffs Lawyers

Director Penalty Notice Update

PAYG Withholding Non-Compliance Bill 2012 The Tax Laws Amendment Bill and the Pay-As-You-Go (PAYG) Withholding Non-Compliance Tax Bill 2012 received Royal Assent on 29 June 2012 and introduced a new regime of directors’ obligations (and potential increased personal liability) to... [Read More...]