Anti-phoenixing proposal could put legitimate SME directors at risk
By Keerti Sharma* Proposals to make company directors personally liable for GST go beyond the aim of combating illegal phoenixing, and instead put SMEs with legitimate trading difficulties at risk. Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019 proposes making directors personally liable for unpaid GST if the unpaid liability is not paid within 21