A Prime Alert Directors face tougher rules - what you need to know Greetings!  The Federal Government is proposing new legislation that increases directors' personal liabilities for certain corporate non-compliance activities. The new legislation, presented to the House of Representatives on 13 October 2011 by Financial Services Minister Bill Shorten, is intended to deter fraudulent phoenix company activity and to strengthen protections of the superannuation entitlements of employees. We note this legislation may also have an impact on entities that have fallen behind in meeting their PAYG and SCG obligations. Read more   If you would like to discuss further, please give me a call. Best Regards Christian Borkowski  Director   Level 11, 815 Pacific Highway, Chatswood 2067            Ph: 02 9415 1511