If you have recently been appointed a director, you may be personally liable for the Company’s outstanding PAYG withholding and Superannuation Guarantee obligations.
You have 30 days from the date of your appointment before you are personally liable for the Company’s unpaid:
- PAYG withholding liabilities, and
- SGC liabilities from 1 April 2012.
How? The ATO can issue you penalty notices for the amounts owed by the Company. These are called director penalties.