One of the case is that the company directors malicious default of employees' entitlements, ATO tax and creditors' money, and he always use assets such as vehicle and mobile phones for personal purposes, which may be sufficient for the employee to unveil the company.
The director has several houses which are co-owned by both him and his spouse, and the employees are not quite sure if they have prenuptial agreement or property agreement within marriage. So, what's the limit for this
piercing the company veil for the following scenarios (especially when the liability incurred ):
(1) If the couple have clear separation of their assets?
(2) If they don't, can the creditors and employees take advantage of his spouse's money?
The director has several houses which are co-owned by both him and his spouse, and the employees are not quite sure if they have prenuptial agreement or property agreement within marriage. So, what's the limit for this
piercing the company veil for the following scenarios (especially when the liability incurred ):
(1) If the couple have clear separation of their assets?
(2) If they don't, can the creditors and employees take advantage of his spouse's money?