A day after his 52nd birthday, Andrew Christodoulou got a nasty surprise in the mail.
A letter from the Australian Taxation Office (ATO) in November last year read: “You have been issued with a director penalty notice for Superannuation Guarantee Charge amounts”.
“A director’s penalty notice. I’ve never heard of one,” Mr Christodoulou tells ABC News.
“It rocks up on the doorstep. And my wife opens it with the rest of the mail. And it essentially says in no fewer words that you owe $437,000. You have 21 days to pay it.”
He’s thinking, ‘it must be a mistake’.
“How the hell could I owe $437,000 it is more than my mortgage,” he says.
The ATO is alleging the company that Mr Christodoulou ran for 22 years, which went into voluntary administra…
Read the full article at: https://www.abc.net.au/news/2024-07-16/directors-personally-liable-for-unpaid-superannuation-tax-ato/104086046
