When is a director liable for Company debts?

A director can be liable for company debts in the following areas: Insolvent trading Insolvent trading occurs when a company incurs a debt that it is unable and fails to pay, at a time when a director knew, or should have known, that the company was insolvent....

Do You Have Safe Work Method Statements?

What is a Safe Work Method Statement (SWMS)? A SWMS is a document which provides information that is required when undertaking High Risk Construction Work. High Risk Construction Work involves: work carried out in area with artificial extremes of temperature a risk of...

ATO to Strengthen Its Debt Recovery Efforts

The debt owed to the Australian Taxation Office (“ATO”) has ballooned to over $19.5 billion. Tax debt has increased by 10% as of June 2014, compared to the previous year’s figures. It seems that the Australian tax debt is growing at a much faster rate than the ATO’s...