Have you received a preference payment?
If a liquidator claims that you have received a preference payment, you may be able to rely on section 588FG of the Corporations Act 2001 (Cth) to retain the payment received. To rely on the statutory defence set out in section 588FG of the Corporations Act 2001 (Cth), you must be able to satisfy all […]
How to respond to a director penalty notice?
As a company director, you are legally responsible for ensuring that the company meets its: If a company fails to comply with their PAYG, SGC or GST obligations, the Australian Taxation Office (ATO) may issue company directors with a director penalty notice (DPN), the effect of which is that directors are personally liable in respect […]
Transfer Duty on Option Fees
Recent changes to the Duties Act 1997 introduced duty on certain transactions, including the granting of a put and/or call option. When does duty on the grant of a put and/or call option in NSW need to be paid? All option transactions (whether they are a call and/or put option) entered into on or after […]