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  • Bruce Mulvaney

Director's Exposure during COVID

We provide advice to Companies and Directors should consider seeking independent advice about their personal situations.

Speaking generally it is important to note that whilst there is some temporary relief during COVID-19 from insolvent trading in certain circumstances, Directors continuing to trade insolvent companies still may commit other offences and expose themselves to increasing personal liabilities.

It is important to note that in some circumstances Directors remain personally liable for already incurred unpaid PAYGW (Pay As You Go Withholding), GST and superannuation even if a company is placed into liquidation.

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