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<h1>Director liability for unrecovered GST: private company directors can be jointly liable unless they rebut gross neglect.</h1> Directors of a private company are jointly and severally liable for tax, interest or penalty on supplies if those amounts cannot be recovered from the company, unless the director proves the non-recovery is not due to gross neglect, misfeasance or breach of duty; upon conversion to a public company, that director liability does not apply to amounts not recovered before conversion, though personal penalties on directors remain unaffected.
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