Company Insolvency Notices

What is a Garnishee Notice?

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.


CALL 1800 003 883 NOW