10 March 2020
Could your business be at risk from an illegal phoenix operator?
Illegal phoenix activity is when a company deliberately shuts down and re-forms to avoid paying its debts. This is an economy-wide issue that costs businesses, employees and the community billions each year.
Know the warning signs and protect your business. Look out for the following behaviours from businesses you're working with, which may be a sign they're involved in illegal phoenix activity:
There are steps you can take to protect your business.
Media: Protect your business from illegal phoenix activityhttp://tv.ato.gov.au/ato-tv/media?v=External Linkbd1bdiunjhxr4c (Duration: 0:33)
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