If you are a director of a company, you need to obtain your unique Director Identification Number by 30 November 2022. New laws came into effect on 1 November 2021, through reforms to Part 9.1A of the Corporations Act 2001 (Cth) (the Act), which make it mandatory for company directors to apply for individual identification continue reading
A Director’s Access to Company Books During Personal Litigation Being appointed as a director of a company is not something you choose to do lightly. Accepting a role as a director brings with it many statutory and fiduciary obligations which, if not complied with, can see the director personally liable for their actions and potentially continue reading
A company is an association incorporated under the Corporations Act 2001 (Cth) (the ‘Act’). The effect of incorporation gives the company a separate entity, distinct from its directors and shareholders. It can enter into contracts, sue and be sued in its individual right. The Australian Investment and Securities Commission (ASIC) is the Government body authorised continue reading
In some circumstances, company directors may be held personally liable for company debt. Such circumstances include where a company owes monies to the ATO under the Pay As You Go withholding system (PAYG) and/or pursuant to its Superannuation Guarantee Charge obligations (SGC). In the event a company fails to pay any amount of PAYG and/or continue reading
