“The ATO has sent 29,552 awareness letters for disclosure of business tax debts, 52,319 awareness letters about the use of Director Penalty Notices, and 30–40 Director Penalty Notices to companies with outstanding obligations.” Source: ATO.gov.au. In the prevailing economic climate, you’ll gain an essential understanding of Director Penalty Notices, anti-phoenixing reforms and small business restructuring as an option to consider. WEB239N08Z
Chair:
Crystal Wright, Principal, Worrells
10.30am to 11.35am Anti-Phoenixing: Reforms and Recent Cases
- Phoenixing: What is it and when can arise
- Reforms impacting director liability: director resignations, Director Identification Number (DIN), personal liability of GST, luxury car tax, superannuation and PAYG
- Extended ATO powers
- S588FDB Corporations Law: Creditor Defeating Dispositions
- Breach of directors’ duties
- ASIC action and recent cases
Presented by Marc Rossi, Partner, Mills Oakley
11.50am to 12.50pm Corporate Tax Liability – Small Business Restructuring: An Alternative Option to Consider?
- What is a small business restructure (SBR)
- When and why can a SBR be used
- How does a SBR work
Presented by Colin Brown, Partner, SLF Lawyers
9.25am to 10.30am Director Penalty Notices
- What does it mean for the Director
- Is it an ordinary or a lock down DPN
- Non-Payment of DPN - personal liability
- Implications for the company
- Inheriting liability
Presented by Andre Lakomy, Partner, AL Restructuring; Registered Liquidator
9.05am to 9.25am Keynote Address from Australian Taxation Office
Presented by Cameron Grant, Director, Lodge and Pay Solutions | Service Delivery, Australian Taxation Office
9.00am to 9.05am Opening Address by Chair
11.35am to 11.50am Morning Tea
12.50pm to 1.15pm Closing Remarks and Q&A Session
Description
Attend and earn 4 CPD units in Substantive Law
This program is applicable to practitioners from all States & Territories
Presenters
Mr. Cameron Grant, Director, Lodge and Pay Solutions | Service Delivery, Australian Taxation Office
Cameron has been with the ATO for over 20 years in multiple roles across Compliance and Law, and now as a Director in the Lodge and Pay business line. Cameron has worked in audit functions on both public and private group entities, and dealt with statutory disputes for both large market and small business taxpayers. Cameron is also a trained ATO in-house facilitator which is a form of mediation service offered by the ATO for taxpayers and their representatives.
Ms. Crystal Wright, Principal, Worrells
Crystal Wright joined Worrells in 2015 and was recently appointed Principal. She is a member of both Chartered Accountants Australia + New Zealand (CAANZ) and the Australian Restructuring Insolvency & Turnaround Association, and is currently in the process of applying to become a registered liquidator and bankruptcy trustee. With more than seventeen years’ experience in assisting SMEs and individuals with all aspects of insolvency administration, Crystal is an expert in many forms of corporate and personal insolvency including: Liquidation; Voluntary Administration; Deed of Company Arrangement; Bankruptcy; Controlling Trustee and Personal Insolvency Agreement (Part X). Crystal is the co-chair of the CAANZ Illawarra South Coast Regional Committee, and has a strong sense of community, dedicating her personal time to volunteering and fundraising for local organisations.
Mr. Andre Lakomy, Partner, AL Restructuring
Andre has over 20 years of experience delivering advice to a range of stakeholders including directors, shareholders, banks, financiers and individuals. He focuses on delivering tailored solutions by taking the time to understand the issues at hand and providing guidance and clarity around the available options. Andre has expertise across a range of industries including property, construction, trade, agriculture, wholesale, distribution, retail, hospitality, aged care, and transport. Education & Accreditations include Registered Liquidator; Australian Restructuring Insolvency and Turnaround Association program (ARITA); Institute of Chartered Accountants program (CA); Bachelor of Business / Bachelor of Law; Masters of Commerce; Financial Analysis Certificate. Andre is a member of the Institute of Chartered Accountants in Australia and New Zealand.
Mr. Marc Rossi, Partner, Mills Oakley
Marc Rossi is a Partner at Mills Oakley with a focus on recoveries, insolvency, restructuring, financial services, securities enforcement, LMI & title insurance, and commercial litigation and dispute resolution. He has represented and advised lending and financial institutions, insolvency firms, corporations, company directors and various stakeholders. Marc is committed to implementing strategies to achieve the best results for clients, inclusive of brand awareness and protection, transparency, along with practical and efficient commercial outcomes.
Mr. Colin Brown, Partner, SLF Lawyer
Colin specialises in the areas of insolvency and reconstruction and commercial litigation. A member of the Australian Restructuring Insolvency and Turnaround Association (ARITA), Colin acts for secured and unsecured creditors, commercial entities, administrators, liquidators, bankruptcy trustees and other insolvency practitioners across a range of industry sectors, as well as advising individuals, boards and company directors on all aspects of insolvency law. Colin also acts for private and corporate clients involved in a broad range of commercial disputes, particularly in respect of contractual and commercial transaction, resolving a number of large and complex commercial disputes for the firm’s clients
