Calls from financially distressed people to debt helplines have skyrocketed to unprecedented levels, as the tax office issues tens of thousands of director penalty notices that make people personally liable for company tax and superannuation debts.
Some people don’t even know they’ve been made directors of firms and they’re given just 21 days to pay up.
In other cases, the company was wound up years ago.
ABC business reporter Nassim Khadem has the story
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