5 April 2017
Illegal phoenix activity is when a new company is created to continue the business of a company that has been deliberately liquidated to avoid paying its debts, including taxes, creditors and employee entitlements. You can avoid phoenix companies by knowing who you're going into business with. To protect your business, you could:
The Phoenix Taskforce provides a whole-of-government approach to support businesses who want to do the right thing and deal firmly with those who choose to engage in illegal phoenix behaviour.
Remember, registered tax agents and BAS agents can help you with tax and super advice.
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