If you have been issued with a Director’s Penalty Notice it is important for you to receive professional advice in order to fully understand your obligations at this time.
Our team will work with you to make sure we fully understand your situation before recommending any course of action, so that you approach this situation the right way.
Since their creation in 1993, Director’s Penalty Notices have been used to assist the ATO with the recovery of company assets.
Once you are issued with a Director’s Penalty Notice you will have 21 days to:
Pay the debt in full
Enter into an instalment agreement to repay the debt
Appoint a Voluntary Administrator, or
Appoint a liquidator.
Director’s Penalty notice can help you to find the right course of action for your situation to ensure you don’t take any unnecessary actions. During our first initial consultation we will gain an understanding of your situation and then run you through your options and then recommend the option that would be the best for you.
During this difficult point in your life it is crucial that you don’t take any unnecessary actions and the team from Director’s Penalty Notice can help you to regain control of your financial situation.