Illegal Phoenixing is Widening the Scope of Directors Personal Liability

On 17 February 2020, Royal Assent was given to the Treasury Laws Amendment (Combatting Illegal Phoenixing) Bill 2019 (Bill) with the result that the measures contained in the Bill are now in force. The Bill implements a number of measures to combat “illegal phoenixing activity’. In this article, we highlight the main changes.

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