And the ato has changed the tax laws so if they have not put in payg tax installments the ato can appoint administrators and hold directors personally respondsabile for wages, entilitlement and tax payments
So what you'll find is they have bleed the company dry to pay back the ato first so they aren't personally respondsabile, then they wind it up, go into admin and keep all there personal assets
It's getting harder and harder
Most companies should be trade with a minimum $1 assets to $1 liability, we just got done by a business that had $.0000007 asset to $1 liability ........ No money for me