A Director Penalty Notice makes you personally liable for company tax debt. The clock is ticking - but your assets can fund your response same day.
A Director Penalty Notice is how the ATO holds you personally liable for company tax debts. Once issued, your personal assets - home, savings, and investments - are at risk.
Issued when BAS/IAS was lodged on time but not paid. You have 21 days to:
Any of these actions will remit the penalty and remove your personal liability.
Issued when reporting was >3 months late. No grace period. You are personally liable the moment it is issued.
Administration or liquidation will not remove the liability. Payment in full is the only option to remit the penalty.
When a DPN deadline hits, you need capital fast. We advance cash against your business or personal assets same day, so you can respond to the ATO while you work out your strategy. No credit checks. No financials. No property security.
Engage a tax debt negotiation specialist first. They'll advise on your options—payment plans, settlements, restructuring. Once you know your path forward, you need fast funding to make it happen. That's where ABL comes in. We work closely with leading tax debt experts to provide the capital solution your strategy requires.
Personal liability means exactly that - your personal assets are on the line.
The ATO can pursue your family home to recover the debt. Even joint ownership may not fully protect it.
Bank accounts, term deposits, shares - all accessible via garnishee notices or court orders.
If you're also an employee elsewhere, the ATO can garnishee your wages directly from your employer.
Five steps. Simple, reliable, fast.
Which type? How much? What's the deadline? What assets do you have available?
Quick valuation - often same day. We advance up to 70% of forced sale value.
Park It (asset stored with us) or Track It (keep using it with GPS).
Funds released same day. ATO paid. Your personal liability is removed. Scenario sorted.
1-9 months. Exit anytime after month 1, no exit fees. Asset returned when you're done.
9 in 10 times, we can fund against it. Talk to us for a free desktop valuation — and if you need help identifying assets, we can do that too.
Three ways to use what you already own. The right product depends on whether you can spare the asset, need to keep using it, or are ready to release it entirely.
DPNs have deadlines. We move in hours, not weeks.
Your credit score doesn't matter. We assess the asset, not the borrower.
No BAS. No tax returns. No P&L. Just the asset.
Use business equipment or personal assets instead. Keep your home off the table.
Company equipment, vehicles, machinery, stock—whatever you own. Faster funding means faster response.
When the debt is paid in full, personal liability is removed. ABL provides the capital to make that happen.
Steve Heavey, ABL Managing Director, explains how it works and who it's built for.
Yes. Since a DPN makes you personally liable anyway, using personal assets to clear the debt protects your other personal assets (like your home) from ATO recovery action.
Same day. DPNs have strict deadlines and we’re built for speed. Once we’ve valued your asset and completed paperwork, funds can be in your account within hours.
We can fund against multiple assets to clear multiple DPNs. The total advance depends on combined asset values — we’ve cleared combined debts over $500K in single transactions.
No. We assess the asset, not the borrower. No credit checks, no BAS, no tax returns, no financial statements.
Every day you wait, your personal assets stay at risk. Get a same-day valuation and see how your assets can fund your response.
