A Director Penalty Notice makes you personally liable for company tax debt. The clock is ticking — but your assets can clear it same day.
A Director Penalty Notice (DPN) is how the ATO makes company directors personally liable for unpaid PAYG withholding, superannuation guarantee, and GST debts.
Once issued, the company's tax debt becomes your debt. Your personal assets — home, savings, investments — are all at risk.
21-day DPN: You have 21 days to pay, enter a payment plan, or appoint an administrator. After that, you're personally liable.
Lockdown DPN: If reporting was more than 3 months late, there's no 21-day grace period — you're already personally liable from the moment it's issued.
We advance cash against your business or personal assets — equipment, vehicles, machinery. No credit checks, no financials, no property required. Clear the debt today, protect yourself, repay us over 1–6 months.
The type of DPN determines your options and timeline.
Issued when BAS/IAS was lodged on time but not paid. You have 21 days to:
• Pay the debt in full
• Enter a payment plan with the ATO
• Appoint an administrator or liquidator
You still have options — but the clock is ticking.
Issued when reporting was more than 3 months late. No grace period — you're personally liable immediately.
The only way out is to pay the debt in full. Administration or liquidation won't help.
Payment is the only option. Speed is critical.
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.
The company might be finished. But your personal liability doesn't end when the company does.
Different situations. Same solution: use what you own to clear what you owe.
Five steps. Often done in a day.
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, 4%/month) or Track It (keep using it with GPS, 6%/month).
Funds released same day. ATO paid. Personal liability removed. You're protected.
1–6 months. Exit after month 1. No exit fees. Asset returned when you're done.
Store it, track it, or sell it. You choose how we secure the asset.
Store your asset, get cash now
Asset stays with us. Lower rate. Good for equipment not in daily use.
Keep working, we'll track it
Keep using your equipment. We fit a GPS tracker. Business continues.
Exit clean, no fire sale
Business closing? Get cash now. We handle the sale properly.
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.
Clear the DPN with equipment, not property. Keep your home safe.
Use company equipment or personal assets — whatever clears the debt fastest.
DPN cleared = personal liability gone. Full stop.
Quick answers to the questions we hear most — straight from ABL CEO Steve Heavey.
Every day you wait, your personal assets stay at risk. Get a same-day valuation and see how your assets can clear the debt.
Fast funding. Backed by assets.
Asset Based Lending provides short-term funding without the need for property or credit checks.
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