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ATO Cracks Down on Unpaid Small Business Tax
The Australian Taxation Office (ATO) has ramped up its enforcement action against small businesses with unpaid tax debts. In the first seven months of 2023,
ATO Tax Penalty Amnesty for Small Businesses
The Australian Taxation Office (ATO) has announced a tax penalty amnesty for small businesses that have fallen behind on their tax returns. The amnesty will
Superannuation Funds and Bankruptcy
Superannuation in a regulated super fund is generally protected and is not considered to be property divisible among creditors in a personal bankruptcy scenario. This
Introducing Payday Super: A Step Towards Ensuring Timely Superannuation Payments
In a significant move to promote financial security and improve retirement savings for Australian workers, the Albanese Government has introduced a new initiative called Payday
Liquidator’s entitlement to company books and records
In the winding up of a company, the Liquidator plays a crucial role in identifying and collecting the company’s assets, paying off its debts, and
What happens to assets acquired during bankruptcy?
Bankruptcy is a legal process that allows individuals to deal with their debts when they are unable to pay them. During the period of bankruptcy,