Posts Tagged ‘Director’
3 Hot tips on Charging Clause in Personal guarantees for directors
Personal or director guarantees are commonplace in many commercial contracts. Common transactions that will generally require a personal guarantee include: any business purchase; commercial leases; loans; or trading terms and credit applications. In such instances the personal guarantee will generally be from one or all the directors of the company. What is a Charging Clause?…
Read MoreNew director’s liability for unpaid GST
The Treasury Laws Amendment (Combating Illegal Phoenixing) Act 2020 (the Act) received royal assent on 17 February 2020 enacting new laws in relation to illegal phoenix activities, with the most notable change being director’s liabilities in relation to Goods and Services Tax (GST). The aim of this new legislation is to hold accountable company directors…
Read MoreDifference between a shadow director and a director
Clive Palmer claims to be Shadow Director as Opposed to Director, is there really a Difference? – why does it matter? Clive Palmer, the flamboyant Australian multi-million-dollar businessman and politician,
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