DPN 21 Day Deadline

When the Australian Taxation Office issues a Director Penalty Notice, the DPN 21-day deadline is critical. It provides directors with just 21 days to take action before personal liability for company tax debts is enforced. Ignoring the notice or missing the deadline can lead to serious financial consequences, including legal action and asset recovery.

Within this 21-day period, directors can choose to pay the outstanding amount, enter into a repayment arrangement, or appoint a liquidator or administrator to the company. The type of DPN—non-lockdown or lockdown—determines what options are available.

Understanding your responsibilities and acting within the DPN 21-day deadline can help protect your personal assets and prevent further complications. Early professional advice is essential for navigating this high-pressure timeframe.