Australian Tax Law- What You Need to Know About Director Penalty Notices

A director penalty notice is issued by the Australian Taxation Office if a company fails to pay its taxes. The directors are liable by law in this situation. There are no ifs or buts in this scenario. Generally speaking, a director penalty notice is a secondary notice, usually issued after a garnishee notice has failed to obtain the outstanding monies.
Australian law is anything but vague on the subject of director obligations:

Directors are held prima facie responsible for the conduct of business by their companies.
‘Due diligence’ is part of a director’s responsibilities. If a

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