QLD ATO Issuing a Garnishee Notice

Discussion in 'Debt and Bankruptcy Law Forum' started by Mark McCarroll, 9 February 2019.

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  1. Mark McCarroll

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    I was operating a business as a sole trader for the past 5 years.
    The business closed last November at the end of the lease period.
    I have been contacted by the ATO for an audit due to BAS returns not being lodged.
    I will have a tax debt that I will not be able to pay.
    I am concerned that when I lodge at least some of the late returns, that the ATO will be able to issue a Garnishee notice to my new employer.
    How quickly can they issue a notice to my employer after it is established I have a tax debt?
    I am considering going into Bankruptcy before the Audit date so a Garnishee would be stopped from being issued, as I have read that if the ATO has a Garnishee issued prior to me going into Bankruptcy that the Garnishee continues for the Bankruptcy period.
     
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