If your company is insolvent and having difficulties honouring its tax debts, it is at risk of receiving a garnishee notice from the Australian Taxation Office (ATO).
A garnishee notice allows the ATO to directly recover funds for an outstanding tax debt from a person or business. Once the garnishee notice has taken effect, the ATO can remove money from your bank account and/or collect payments from your debtors until your tax debt is paid in full.
It is also possible for an individual to receive a garnishee order from the ATO or a creditor who has obtained a court judgement. Generally speaking, it will be issued to your employer, and the funds needed to recover the debt will be taken directly from your wages.