'Whole of group' approach for director penalties
A company failed to meet their super obligations in the property investment industry owing over $1.5 million in SG debt.
While the company director proposed selling a personally owned property to meet their SG debt a review identified the company director had multiple companies with SG debts totalling $2.2 million.
The proposed sale wouldn't cover the whole debt so we negotiated with the director for full payment through the sale of additional properties.
A ‘whole of group’ approach ensured all employee's SG obligations were paid, not just the company that was being investigated.
Super debt recovery using garnishee
A company in the tiling and carpeting services industry was audited by the ATO resulting in $1.5 million in outstanding SG debt.
The company refused to engage with the ATO, which resulted in the ATO issuing a garnishee and recovering some of the unpaid super. The employer then entered voluntary administration, with the directors setting up a new company. The director transferred the balance of the company’s bank account into their own account. The ATO identified the transfer and issued another garnishee for the full amount outstanding, recovering the total SG debt of $1.5 million.