chris wouldn't be so sure on your ATO theory**** mentioned this...

chris wouldn't be so sure on your ATO theory

**** mentioned this in daytraders ****

new director interest penalties notices and ATO taking tougher stance on default of payment plans.

now if they default they tend to move straight to administration or winding up application rather then keep renogitiating it.

have seem them move for liquidation and turn down DOCA propsoals where they would get 60c in the $1 for a trade on as opposed to about 5c in liquidation. more of a moral stance they are taking...

discourages directors from racking up massive ATO debts, then offering payment plans of 30c or something and renegotiating etc etc to get out cheaply

have a look on ATO for a bit more info regarding new stances on this