Can the Australian Taxation Office (“ATO”) pursue Directors personally for certain outstanding company taxes?
Yes, the ATO and other Government Departments, ie the Office of State Revenue may pursue current Directors (and former Directors in certain circumstances) for these company debts. However you will typically receive a document called a “Director Penalty Notice” which will give you fourteen (14) days from the date you get the Notice to act. It is imperative you seek urgent advice from an insolvency professional if you receive such a Notice so that they can explain what options are available to you.
