ABRS Video: Director ID in 3 steps

Director Identification Number deadline November 2022

If you need a director identification number (director ID), this video may help with your online application — outlined in 3 easy steps.

The ABRS is reaching out to directors who haven’t applied for their director ID within prescribed timeframes.

Directors are encouraged to avoid penalties for non-compliance by […]

Director penalty notices

Directors obligations and personal liabilities for PAYG withholding, SG Charge and GST

In March the ATO will be contacting relevant clients via letter to inform them about their potential personal liability for company tax debts under the Director Penalty Notice (DPN) program.

The letter will be sent to directors of companies if the company has […]

Preparing for director IDs

Director identification numbers

If you want to become a director or are already one, you’ll need a director ID.

Apply for a director ID from 1 November:

Director identification numbers (director ID) are a new requirement for all company directors, designed to help combat illegal activity by making it easier to trace directors’ […]

Simplifying small business insolvency

What Directors need to know about Australia’s new insolvency rules

On 1 January 2021, new laws came into effect that simplified debt restructuring and liquidation framework for small business.

Drawing on the US’s Chapter 11 bankruptcy model, the new system aims to accelerate the insolvency process, reduce costs and, where possible, restructure to help the […]

Director penalty change strengthens SG rules

Director penalty change strengthens SG rules

Company directors need to keep in mind that the Corporations Act holds directors personally liable for many of the legal and financial obligations expected from a company.

But there are also some tax obligations for PAYG withholding and superannuation guarantee charge payments, which are outlined under the ATO’s “director penalty […]

New Superannuation Personal Liability Regime

Before You Become a Director

If you are about to become a company director, check for any unpaid or unreported PAYG withholding or SGC liabilities.

If you become a company director and the company has outstanding PAYG withholding and SGC obligations, you will become personally liable for a penalty equal to these amounts (these are […]