Directors and Related Parties Liable for Breaches of Fiduciary and Statutory Duties for Scheme to Avoid Paying ATO

Trevor Withane of Ironbridge Legal highlights a Federal Court ruling that hit Special Gold’s directors with more than $44 million in liability for siphoning assets to dodge ATO debts, stressing that deals with no company benefit breach fiduciary and statutory duties, and that even related parties who help or profit can be on the hook.

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