The Australian Treasury department has made the results of the public consultation process public with the issue of a new Exposure Draft detailing proposed changes to the director penalty notice regime.
You may keep in mind that the government proposed changes to the Director Penalty Notice legislation in last year's budget. The first draft was put forward in June 2011 but was widely condemned by directors and liquidators for being too wide reaching. That draft was scheduled to go before parliament in November 2011 but it was withdrawn for further industry consultation.
They summarise the changes as follows:
1. Expanding the director penalty regime to superannuation guarantee amounts.