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Minhhoang(Newbie)Newbie
27 Aug 2024

According to the DPN Regime, the director needs to take action against the DPN within 21 days to avoid the "Non-lockdown" DPN becoming a personal liability. However, what happens if they do not take any action after 21 days? Will the debt still be parallel liabilities, or will it be double by staying separately in director ATO accounts and company ATO accounts?

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taxfriend(Superuser)Superuser
27 Aug 2024

The director related debt will appear on the directors personal income tax acount and any primary tax will remain on the company account.

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taxfriend(Superuser)Superuser
27 Aug 2024

The director related debt will appear on the directors personal income tax acount and any primary tax will remain on the company account.

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Director Penalty Liabilities after 21 days | ATO Community