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eBulletin: Directors can be held personally liable for company tax obligations
11 March 2010
Recently, the NSW Supreme Court found a director of an insolvent company liable for the company's tax obligations, despite his being unaware of its financial position.
The decision highlights that failure to maintain proper financial records and keep informed of the company's solvency can result in a director being held personally liable for tax obligations of the company.
View eBulletin: Directors can be held personally liable for company tax obligations
Author: Bill Brown
Firm: Lander & Rogers
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