One million company directors risking $13,200 fine as November 30 Director ID deadline looms Business Advice David Adams 24 November 2022 The Australian Business Registry Services says some 1.1 million business leaders are yet to sign up for their unique identifying number.
ATO spends $3.2 million to push director ID registrations as deadline approaches Finance Julian Bajkowski 24 October 2022 Anyone who is a director of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation is required to register and director identification number by November 30.
Man sentenced to six years’ jail over “intricate tax evasion” that saw $4.5 million recovered Tax Matthew Elmas 18 August 2020 The tax office has closed a 19-year tax evasion case, with a 60-year-old man sentenced to six years in jail for their role in the scheme.
Corporate regulator ASIC prosecuted more than 200 small businesses in second half of 2018 Legal Matthew Elmas 10 April 2019 ASIC says it will be focusing on unfair contract terms and illegal phoenixing in 2019 after a tough year dealing with the banking royal commission.
Government establishes phoenix activity hotline as cost to the economy each year hits $5 billion Economy Dominic Powell 16 July 2018 The federal government has today revealed the cost of the illegal phoenix activity on the Australian economy could exceed $5 billion annually.
