Advising Small Business Series: Personal Liability of Directors for Financial Liabilities
A timely reminder of the personal liability that directors of a company may encounter when their company fails and what you should be aware of when advising your clients to minimise their personal exposure. WEB236A01DZ
Description
Attend and earn 1 CPD hour in Technical Competence
This program is applicable to practitioners from all States & Territories
Personal Liability of Directors for Financial Liabilities: What You Need to Consider when Advising Your Clients
- Personal liability of directors for unpaid company taxes
- Personal liability of directors for unpaid company superannuation
- Nature of the personal liability owing to the ATO
- Personal liability under the Corporations Act when a company fails, including:
- Insolvent trading
- Anti-phoenixing provisions
- Breach of directors duties
- Exposure under personal guarantees
- Personal guarantees and risks to the family home under charging clauses
- Personal guarantees provided for building companies
- Director/shareholder loan accounts
Presented by Dino Travaglini, Director, Travaglini Corporate Advisory
Presenters
Dino Travaglini
Dino is a director of Travaglini Corporate Advisory, a boutique chartered accounting and corporate advisory firm which specialises in advising distressed businesses and debt restructuring. His career spans over 30 years, as a registered liquidator and trustee in bankruptcy acting in formal corporate and personal insolvency administrations and corporate restructure. Most of which was as a partner or principal with national chartered accounting and restructure firms, Moore Stephens, Grant Thornton and Cor Cordis. Relevant to today’s presentation, his work requires him to understand the businesses, and their financial position, including professional services practices.