Tax Debt
Serving of a Director Penalty Notice
A Director Penalty Notice is served by issuing it to a director's home address as it appears on the Australian Securities and Investments Commission (ASIC) register.
It is a directors’ responsibility to ensure their current residential address is maintained at ASIC.
If a director fails to maintain their current address details and a Director Penalty Notice is issued to a previous address and because of that is not received or acted upon within 21 days, it IS NOT a valid defence. The directors will not avoid the personal liability based on this.
It is therefore IMPERATIVE that if you move, you update your address details with the ASIC.
It’s also vital that if you receive a Director Penalty Notice, you act immediately.
Find out what to do if you’ve received a DPN. Call us now!
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Tax Debt Videos
Director Penalty Notices Video
Director Penalty Notices
A Director Penalty Notice may be issued by the Australian Taxation office in respect of unpaid PAYG withholding only — not GST...
Watch the larger version: Director Penalty Notices Video
Director Penalty Notices - the Trap
Director Penalty Notices — the Trap
In the last episode, I explained the use of Director Penalty Notices however there is a trick that I believe you must know about...
Watch the larger version: Director Penalty Notices - the Trap Video
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