Directors Personally Liable for unpaid GST
For many years now, the Australian Tax Office (ATO) has had the power to make directors personally liable for certain debts of the company by issuing Directors Penalty Notices. This…
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Cyber Security – Be Safe Online
Safeguard your personal information to protect yourself against online fraud and scam activity. The holiday season sees higher Cyber security crime as people spend more time online buying goods and…
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Business Name Register
Why do I have to register a business name? Only recognised ‘Legal Entities’ are able to own property, enter into contracts, borrow money, sue or be sued. The most common…
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What is a Creditor’s Statutory Demand and how to use it
A CSD is a technical letter of demand, issued under Section 459E of the Corporations Act 2001 (Cth). It may be issued against a company in circumstances where the issuing creditor believes that there is no dispute in relation to the debt owed to it by the debtor company.
How to Wind Up a Company
A creditor of a company can make an application to the court for orders winding up the company if it is insolvent. The most common basis for such an application is that the company has failed to comply with a Creditor’s Statutory Demand
Action Required if you receive a Creditor’s Statutory Demand (“CSD”)
It is essential that you act immediately if you receive a Creditor’s Statutory Demand. DO NOT delay in seeking legal advice because the 21 day time limit is strict and…
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