Does Entering A Payment Plan Stop Interest?
No. General Interest Charge usually continues, although remission may be [...]
How Long Can An ATO Payment Plan Last?
Typically up to 24 months, depending on the size of [...]
Can The ATO Refuse A Payment Plan?
Yes. If the ATO believes the business is not viable [...]
Does Voluntary Administration Clear Tax Debt?
No. Tax debts are addressed through a DOCA proposal or [...]
Who Controls The Company During Voluntary Administration?
The appointed administrator assumes control. Directors’ powers are suspended.
Can A Small Business Use Restructuring Instead?
Eligible small companies with liabilities under $1 million may access [...]
What Happens To Employees?
Employees may continue working during administration. If liquidation occurs, certain [...]
Is Voluntary Administration Better Than Liquidation?
It depends on whether the business has realistic recoverable value. [...]
Can Directors Be Personally Liable After Voluntary Administration?
Yes. Personal guarantees and director penalty notices may still apply
Does Voluntary Administration Stop Creditors?
An automatic moratorium restricts most unsecured creditor actions while the [...]
