Business law

When a business faces mounting debt, cash-flow pressure or escalating creditor action, directors must act quickly to protect the company’s position. In many cases, the decision comes down to voluntary administration vs small business restructuring. While both are formal insolvency options, they serve different business sizes, risk profiles and recovery goals. Voluntary administration is often…

The consequences of personal bankruptcy include affecting your credit, employment, business roles and travel permissions, with long-term restrictions that continue after discharge. Records remain permanent on the National Personal Insolvency Index (NPII) and appear on credit reports for 5 years from the start date or 2 years from discharge, whichever comes later. These outcomes shape…

A Director Identification Number is a unique 15-digit identifier issued to every director of a company registered in Australia. Introduced under the Modernising Business Registers program, it became a new requirement in November 2021 to improve corporate transparency and prevent the use of false or fraudulent director identities. Every director ID is a unique combination…

A Director Penalty Notice is an official letter the Australian Taxation Office sends when your company hasn’t paid certain tax debts. As a director, you can become personally responsible for these unpaid taxes. This includes PAYG withholding, superannuation guarantee, and GST obligations. According to Accountants Daily, in the 2023–24 financial year, the Australian Taxation Office…

When your hospitality business faces insolvency in Australia, you must follow strict legal steps. You need to appoint a liquidator, notify creditors, and lodge documents with ASIC. Your tax obligations continue even in financial trouble. Moreover, directors may face personal liability if they trade whilst insolvent under the Corporations Act 2001. Accounting Times reported that…

Mining contractor insolvency happens when your mining service provider can’t pay its debts and stops operating. As an Australian mine employer, you face risks like project delays, lost equipment access, and finding new contractors quickly. This impacts your operations, safety compliance and bottom line. Australian insolvencies have reached record highs, with the mining industry experiencing…

What’s a DIN? Recent amendments to Corporations Act 2001 compel all company directors to prove their identity with a Director Identification Number (DIN) and the date has been set for when this will take effect. A DIN is a unique 15 digit identifier designed to track the corporate history of a director. DIN’s have been…

“Non Lockdown” DPN’s: PAYG Tax, GST or Superannuation: Unpaid but Returns Lodged Within Relevant Periods A company is required to: If a company does not pay its PAYG Tax, GST or superannuation, but lodges its BAS (within 3 months of being due) and SGC Statements (when due), the ATO can issue a Director Penalty Notice…