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Company ’phoenixing’: New laws to target dodgy company directors

Tough new laws will be introduced in a bid to crack down on dodgy company directors and their advisers.

Company ’phoenixing’: New laws to target dodgy company directors
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Directors of Australian companies will be given a unique identification number to help stop the illegal activity of "phoenixing" — where companies are stripped of assets and liquidated, then restarted under a different name leaving creditors out of pocket.

Read the full article on ABC Online.

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