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it was noted by stakeholders that phoenix activity has evolved significantly over the past decade first the ato noted that they are seeing
stakeholders felt the working definition was broadly appropriate it was also noted that the treasury definition used as the working definition has
q cross agency actions - addressing phoenix activitythe asic ato and fwo all have responsibilities in investigating and monitoring elements of
q suggested actions for addressing phoenix activitythe following actions are suggested for addressing phoenix activity those that have been suggested
q dual appointment of fwo inspectorsan additional legislative option would be for fwo inspectors to be appointed under the tax act and the
q what do you mean by garnishee ordersthe ato has the power to issue garnishee orders which allow recovery of debts from a persons bank account wage
as part of this project expert input was provided by employment law specialists herbert geer herbert geer raised the possibility that the fwo could
q pooling of assets and liabilitiesin 2004 the corporations and markets advisory committee proposed that assets and liabilities of companies be
q statutory task force on phoenix activity a long term option could be the establishment of a statutory task force on phoenix activity this could be
questonline exam of business law about 20 qestions t and f mc and short answers the exam will open just for two hours ltlt the exam
q show the cross agency actions as already described the asic ato and fwo all have responsibilities in investigating and monitoring elements of
q legislative options for addressing phoenix activitythere are a range of legislative options for addressing phoenix activity and the following
q fair work ombudsman optionsthe following are a range of potential options for the fwo to mitigate phoenix activity these options recognise that the
in 2004 the corporations and markets advisory committee proposed that assets and liabilities of companies be aggregated and creditors paid from a
q statutory task force on phoenix activitya long term option could be the establishment of a statutory task force on phoenix activity this could be
q publication of list of repeat offenders as a part of the joint education campaign option or separate to the education campaign a lsquonaming and
in the paper action against fraudulent phoenix activity proposals paper treasury made a range of recommendations to amend directors liability
recommendations for addressing phoenix activities over the past two decades there have been a significant range of proposals for addressing phoenix
stakeholders emphasised that a coordinated whole of government approach is necessary to mitigate phoenix activity stakeholders also emphasised that
q describe the cole inquiry recommendationin 2003 the cole inquiry made a range of recommendations to reform the building and construction industry
q impact of phoenix activity on employ superannuationemployees experience a range of impacts other than lost wages entitlements and superannuation
q impact on businesses of phoenix activityin 1996 the australian securities commission asc published a report on phoenix activity titled phoenix
q show the number of phoenix operators a key challenge in quantifying phoenix activity is estimating the number of companies engaging in the activity
q increasing the risk rating of building and constructionstakeholders indicated that there is a significant risk of phoenix activity in the building
former assistant treasurer bill shorten has cited estimates based on ato expertise that there are 6000 phoenix operators in australia it is