Tag: Phoenix Business

Company directors will be issued with unique identification numbers as part of Federal Government reforms designed deter and penalise directors who engage in illegal phoenixing activity. The reforms were announced this week by Minister for Revenue and Financial Services, Kelly O’Dwyer, who said illegal phoenixing – the stripping and transfer of assets from one company […]

The ATO has sprung surprise visits on business and residential sites across Sydney in an effort to tackle widespread phoenix activity.