A $2bn lending fund established by the Federal Government is the latest in a series created to address perceived market failures and to stimulate economic growth. Following widespread criticism of the cost of these failures to taxpayers, strict criteria will be applied to lenders wanting to borrow from this new fund to finance SMEs. Read More
Readers may be aware, but the reality is now becoming the fact. From April 1 2019 the Treasury Laws Amendment (2018 Measures No.4) Bill 2018 now denies directors a previous three-month period of grace – a so-called “safe harbour” under the Director Penalty Notice (DPN) regime – which allowed them to avoid personal liability for superannuation Guarantee Charge (SGC) debt. Read More
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The long arm of the law is reaching out to catch business owners who have been failing to pay correct amounts of GST to the Australian Tax Office (ATO), some for up to a decade. Read More
