Navigating Director Penalty Notice in Australia: Protect Yourself from ATO Liabilities
Description
When a company fails to meet its tax obligations, the consequences for directors can be personal and severe. In this episode of Explain That by Velocity Legal, we discuss the ins and outs of the Director Penalty Notice Australia regime with Director Seamus Ryan and Senior Associate Sascha Kenny.
We break down the ATO’s Director Penalty Regime, exploring the difference between Lockdown DPNs and Non-Lockdown DPNs, and what practical steps directors can take within the strict 21-day deadline. You'll learn how the ATO holds directors personally liable for unpaid PAYG withholding, Superannuation Guarantee Charge (SGC) penalties, and GST director personal liability—and why understanding this is critical in 2025 and beyond.
Got questions? Connect with us at www.velocitylegal.com.au
United States
