Director Penalties: The 1 April changes to penalty exposure

How to derisk your clients and yourself

Tuesday, 21 April 2020

Register Individual

Know when directors are personally liable
What to do if you receive a director penalty notice
What accountants need to do to mitigate risk

Parliament recently passed legislation extending the existing director penalty regime to include GST, luxury car tax and wine equalisation tax liabilities. These new rules take effect from 1 April 2020.

Given the director penalty rules already include unpaid PAYG withholding amounts and superannuation guarantee liabilities, the expansion of this regime could mean that directors of many companies end up being personally liable for a large portion of a company’s debts.

This webinar will get you and your team up to speed with how the director penalty rules operate, the options that are available to directors when they receive a penalty notice and practical steps for accountants to consider in order to reduce their own risk in this area.

Register Individual
Register Office
Member Register

What we cover

This practical webinar covers

  • When a director becomes personally liable for PAYGW, SG and GST debts of a company
  • Practical steps that directors can take to reduce their personal exposure
  • Family companies – the obligations to passive directors
  • How the strict timing rules operate
  • Defences against director penalties
  • How the rules apply to an incoming director and what they should be doing to reduce risk
  • The steps accountants should take to alert directors and also reduce the risk exposure to the firm
Register Individual
Register Office
Member Register

Michael Carruthers

Tax Director, Knowledge Shop

Michael has a knack for seeing through the complexity and helping practitioners work through highly technical issues with certainty and accuracy.

He oversees the development of the tax team for Knowledge Shop and Hayes Knight in Sydney and is head of the Easton Investments’ national tax advisory committee. He is a member of the advisory panel for the Board of Taxation and was a member of the reference group for the Board of Taxation’s recent review of small business concessions. He was also an expert panel member for the Board’s review of tax impediments facing small business. Michael was the 2016 Thought Leader of the Year at the Australian Accounting Awards.

Michael Carruthers
Michael Carruthers
Tax Director, Knowledge Shop

Tuesday, 21 April 2020

12:00pm - 1:00pm AEST in ACT, NSW, QLD, TAS & VIC
11:30am SA & QLD | 10:00am WA

Members

  • $195 Individual access
  • $350 Office access*
Member Register

Non-Members

  • $235 Individual access
  • $390 Office access*
Register Individual
Register Office

Terms & conditionsAll registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are provided for cancellations received 1 day prior to the webinar. No credits are available less than 2 hours prior to the event under any circumstances.

*The office rate applies per office location (maximum 10 participants per office location). The PD points for all attendees will be recognised - multiple links at same location if required. We will contact you for the names of your team once you have registered as an office.

Requirements

You will need a computer with audio!!

  • Audio Your computer needs speakers or a headset to hear the audio (do a quick check these work). If you are having problems, you can dial in on the phone number provided on the reminders and confirmation but please note your carrier will charge you at long distance rates.
  • Software Join the webinar 15 minutes prior to check that your computer systems allow you to download the GoToMeeting software. Or check your connection days before the webinar by going here
  • Webinar URL To join the webinar, you need to click this link. It was sent to you when you registered and will also be on the reminders - check your spam if you have not received and please contact us ASAP if you have lost.
  • Changing computers If you need to change computers during the webinar, make sure you log off the webinar on the first computer before logging onto the second computer.
  • PC requirements PC users (Windows® 8, 7, Vista, XP or 2003 Server) ; Mac users (Mac OS® X 10.6 or newer); Mobile users (iPhone®, iPad®, Android™ phone or Android tablet).