Part X Agreements: The SBR for individuals

A powerful tool to control personal exposure, protect the family home, and deal with ATO enforcement, before it's too late.

The numbers don't lie, the ATO is on the move. In FY24 alone, the ATO issued 26,702 Director Penalty Notices (DPNs), covering over $4.4 billion in unpaid company tax and superannuation. That's a 53% jump from FY23. The ATO has recovered $879 million through these notices.

DPNs are personal liabilities. Once they lapse, directors are personally liable for the debt. We have seen the ATO relying on garnishee notices and tax credit offsets to recover these personal liabilities. But with billions still outstanding, there's little doubt that legal action and bankruptcy proceedings will become the next wave of ATO enforcement.