"Dodgy company directors who skip on their bills are costing small businesses, workers and taxpayers more than $5 billion a year, according to figures from the tax office, prompting a crackdown on the practice of so-called corporate phoenixing.
The Federal Government is set to step up its campaign against dodgy company directors, launching a new hotline today to help catch corporate thieves.
The Australian Taxation Office will release figures today, showing corporate phoenixing — where directors send a company under to avoid paying the bills, only to resume trading under another name — costs the economy far more than previously believed."
https://thewest.com.au/news/austral...dgy-directors-who-skip-on-bills-ng-b88896804z
Maybe relevant here.
"Dodgy company directors who skip on their bills are costing...
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