Monthly Tax Special Topic – July 2026 - Directors and distressed companies

This recorded webinar features the special topic, "Directors and distressed companies".

This is the recording of the Monthly Tax Special Topic live webinar that was delivered by TaxBanter Trainers on the 9 July 2026.

Directors and distressed companies

Directors can also be made personally liable for some of their company's tax debts such as PAYG withholding, superannuation guarantee, GST and the LCT and WET if the director fails to take the necessary action specified in the Tax Administration Act 1953 (TAA).

As the economy slows, directors of distressed small businesses may need to consider the simplified debt restructuring process as an avenue to get their company back on track without having to appoint a liquidator.

This session will cover:

• Broad duties imposed on company directors
• How Tax Law applies responsibility through the Director Penalty Notice (DPN) regime
• For PAYG withholding, Superannuation Guarantee (SG), GST, LCT and WET:
  • Commissioner's power to issue estimates for recovering unremitted PAYG and SG charges
  • Defences available to directors against personal liability for company tax debts
• Implications of company tax debt for insolvent trading
• Using the small business restructure plan to get the company back on track

This recorded webinar is 1 CPD hour.

You will be able to access the learning materials under "Resources" section.

IMPORTANT: You will have access to the recording and learning materials for a period of 6 months from the date of enrolment. Extensions to this timeframe will not be provided.