Category: Commercial Law
Our commercial lawyers have extensive experience in dealing with both large and small businesses. ABKJ Lawyers advises clients on almost any issue that may arise, including Commercial Litigation, Shareholder and Partner Disputes, Leasing, Intellectual Property and more.
Below we’ve included some helpful articles discussing some of these common Commercial Law issues.
Director Penalty Notices
What is a Director Penalty Notice? If you are a director of a company, even if you do not have anything to do with the day to day running of the company, you should be aware that the Australian Taxation Office is able to pursue you as an individual for certain company debts including Pay As You Go withholding tax and Superannuation Guarantee Charge. Before the Australian Taxation Office can commence proceedings against you personally, they must issue a Director Penalty Notice and send it to you. The Director Penalty Notice causes a director to have personal liability for the… Continue Reading
About Statutory Demands
What is a Statutory Demand? A Statutory Demand is a demand for payment of a debt by a creditor on a company pursuant to Section 459E of the Corporations Act2001 (Cth). A Statutory Demand can be issued against a company for a debt which exceeds $2,000.00 when there is no genuine dispute as to liability for payment. What you must do if you receive a Statutory Demand The first thing you must do when you receive a Statutory Demand is to contact your solicitor immediately for specific legal advice. Statutory Demands have a 21 day compliance period which means that… Continue Reading
