Combating Illegal Phoenixing Bill introduced – creditor defeating offences, director resignations, GST collections and refunds

The Government introduced the Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019 into the House of Representatives on Thursday 4 July 2019. Amongst other things, it will affect the way that the Commissioner collects GST and pays GST refunds.

See below for a summary of the 4 schedules and the start dates for these measures.

FJM 6.7.19

[Tax Month – July 2019]