Combating Illegal Phoenixing

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Understand phoenixing

In 2020, the Combating Illegal Phoenixing Bill was passed, reflecting the Australian government’s increased efforts to address issues of corporate and financial crime and fraud.

In this whitepaper, Combating Illegal Phoenixing, CreditorWatch is putting dodgy director activity in the spotlight.

Illegal phoenix activity costs the Australian economy billions of dollars a year and affects everyone from employees of the company to the government and general community.

SECTION I: Understanding phoenix activity

  • Defining phoenix activity
  • The impact of illegal phoenix activity

SECTION II: What is the government doing about illegal phoenixing?

  • Phoenix Taskforce
  • Legislation: Combating Illegal Phoenixing Bill 2020
  • Next steps in combating financial crime and fraud

Read this article about: Modernising Business Registers and Director Identification Numbers (DINs).


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