Illegal Phoenix Activity

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Combatting Illegal Phoenix Activity: Putting the fires out one Phoenix at a time

On 5 February 2020, the Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019 (the ‘Bill’) was finally passed by both Houses of Parliament. The Bill (awaiting Royal assent) introduces mechanisms to discourage illegal Phoenix activity and punish those facilitating such activity. In this article, Principal Lawyer Malcolm Campbell outlines the proposed amendments.

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