Director Penalty Notices (DPNs): A Guide for Directors
Understand Director Penalty Notices, the 21-day deadline, lockdown DPNs and Payday Super rules. Get advice on your options.
Practical articles on business restructuring, turnaround options and formal rescue processes for financially distressed businesses. This section covers restructuring pathways, viability issues, stakeholder risks and practical decision-making for directors and advisers.
Understand Director Penalty Notices, the 21-day deadline, lockdown DPNs and Payday Super rules. Get advice on your options.
A real Sunshine Coast SBR case study where a viable business avoided liquidation after the ATO accepted 40 cents in the dollar over two and a half years.
Learn the early warning signs of business, from cash flow issues to ATO debt and creditor pressure, and why early advice creates options.
Voluntary administration moves quickly. This article explains what directors and creditors can expect from the appointment process, the administrator’s investigations, creditor meetings and the possible outcomes, including a deed of company arrangement or liquidation.
SBR allows eligible companies experiencing financial difficulty to stay in control and put forward a proposal to creditors to resolve its debts.
When SBR may be appropriate, when VA may be a better fit, and why timing matters for distressed companies.
What the ATO commonly looks at in Small Business Restructuring proposals, including viability, compliance and transparency.
Why directors should consider whether short-term finance fixes a cash flow problem or simply delays insolvency risk.