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Changes to liability for GST – Directors to be liable unless certain actions taken

02/12/2020

Changes to liability for GST – Directors to be liable unless certain actions taken

5 February 2020 saw the long-anticipated Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019 finally passed by both Houses. The legislation contains a raft of anti-black economy measures including the introduction of Director Penalty Notices (DPNs) and estimates for GST.