The Tax Office has issued a media release advising that it has used new powers available to it to recover $8 million of employee super entitlements from operators of labour hire companies in South Australia and Victoria. Phoenix behaviour involves using of companies and liquidating them to avoid paying liabilities, then setting up fresh companies to carry on the business. The Tax Office now has new powers, called Superannuation Guarantee Estimates (SGE) which enables it to issue director penalty notices to make directors personally liable before their companies are liquidated and responsibilities avoided. To do this, the Tax Office can […]read news read article read question view tips
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