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What do I do if I receive a Director Penalty Notice?

If you receive a Director Penalty Notice from the ATO, you will note it provides four (4) choices and allows 14 days only to acheive compliance.

You must do one of the things listed below.

The pros and cons of each are shown when you click on each point.

• Pay the Debt in Full
• Enter an Instalment Arrangement to pay the debt
• Place the Company into Voluntary Administration
• Place the Company into Liquidation
• Do none of the above

 

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