Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Information Centre

Worried about ATO Legal Actions?

Welcome to Dissolve, Specialists in Low Cost Company Liquidations

There are several actions the ATO can take against a company struggling to pay their tax debt.

  • Garnishee Notice
  • Director Penalty Notice
  • Departure Prohibition Order

Garnishee Notice

A Garnishee Notice entitles the Australian Tax Office to collect an outstanding tax debt by directly removing monies from an insolvent company's bank account or directly collect monies from a company's creditors.

See our Garnishee Notice page for more information

Directors Penalty Notice

The ATO has the power to collect outstanding deducted taxes, being deducted amounts under the PAYG provisions, by making directors liable for a ‘penalty' for the same amount as the unpaid tax. These provisions create a liability to the ATO in the name of the director. Each director of a company becomes separately liable for the full amount of the penalty.

If you get a Directors Penalty Notice YOU MUST ACT IMMEDIATELY TO AVOID PERSONAL LIABILITY. If you do not act within 14 days of issue the director will be personally liable for the debt.

See our Directors Penalty Notice Page for more information.

Departure Prohibition Order

The ATO has the power to stop a debtor from leaving the country (regardless of whether they intend to return or not) until such time as a debt is paid in full or suitable arrangements for payment of the debt are made.

This order would apply to a director who has been made personally liable for their company's tax debt by way of a Directors Penalty Notice.

If you’d like to discuss your options why not CONTACT US NOW for CONFIDENTIAL FREE ADVICE.

Or if you want more information try these hot topics:

 

(02) 9290 2220
Free advice

Testimonials

"…after I gave Dissolve the go-ahead I received the No Asset Liquidation Package within two hours and I had the company in liquidation the next morning."...
Jenny, Director of a Fashion Retailer
more
Voluntary Administration | Members Voluntary Liquidation | Creditors Voluntary Liquidation | Liquidation | Company Liquidation | Voluntary Liquidation | Insolvency | Receivership | Insolvent Trading