Browse by:

PPS registrations to expire on-mass soon!

A huge volume of PPS registrations are due to automatically expire over the next 18 months – is your business ready? AFSA (being the government department responsible for the #PPSR) has recently released a set of statistics showing the number of registrations that will automatically lapse, if you don’t take positive steps to renew your registrations.…

ASIC enforcement numbers released

ASIC have just released their Enforcement Outcome report for the 6 month period ending June 2018. The key stats: ASIC commenced 67 investigations. ASIC only banned 20 people from being directors, despite the alleged $5bn that is being taken out of the economy due to illegal phoenix activity.  Don’t forget the c3,700 entities that the ATO says…

ASIC gets a phoenix scalp, but no DINs

A CPA and tax agent has today been announced as the latest causality in ASIC’s (and other Government agencies) ‘war’ on illegal phoenix activity. Mr Hammond has been banned from being a director of a corporation for 5 years (the current maximum sentence). T he most noticeable contravention: he engaged in activity that caused businesses his corporate entities owned…