Andrew Christodoulou to fight ATO’s claim he owes $437,000 in unpaid super contributions

·

Andrew Christodoulou is determined to fight back after the Australian Taxation Office (ATO) sent him a Director Penalty Notice claiming he owes $437,000 in unpaid superannuation guarantee contributions.

Mr Christodoulou told ABC News he received a Director Penalty Notice from the ATO in November 2023, and was expected to pay back the funds within 21 days.

The tax authority alleges the company that Mr Christodoulou ran for 22 years, which went into voluntary administration in 2016 and closed three years later, owes superannuation to workers it employed at the time.

Some of the alleged debts date back to April 2013 while Mr Christodoulou was a director of the security firm, Kudos Australasia.

Company directors must ensure their company’s tax and super obligations are reported and paid on time. If the company misses payment deadlines, the ATO can recover these amounts from the director personally, even if they are no longer in the role.

“How the hell could I owe $437,000 — it is more than my mortgage,” he told ABC News.

australian taxation office andrew christodoulou
The tax authority alleges the company that Mr Christodoulou ran for 22 years owes superannuation to workers it employed at the time.

Mr Christodoulou said he believes workers should be paid their superannuation, but argued unpaid super debt should have been handled at the time.

“These debts that they are chasing were listed from 2013 — we’re talking 11 years ago now,” he said.

“If they [the ATO] had come to us in 2014 or 2015… we could have sorted it out. Back then it was absolutely doable. But to come forward all these years later, with a figure that has no justification, no clarification around it, and give you 21 days to figure it out?”

Mr Christodoulou is working to resolve the dispute with the ATO but he said legal fees are piling up and he fears the tax authority could bankrupt him.

Issues with Director Penalty Notices have come into the spotlight in recent months, with the Federal Government instructing the ATO to pursue over $34 billion in debt owed by small businesses and self-employed Australians, much of which was deferred during COVID.

Source: ABC News.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Minns Government bets on housing boost in NSW Budget

The NSW government has unveiled its 2025–26 budget, placing a strong focus on addressing the state’s housing shortage.

Ceasefire in doubt as Iran fires fresh missiles at Israel despite Trump’s truce claim

Efforts to end hostilities between Iran and Israel remain uncertain, after US President Donald Trump claimed a ceasefire was agreed.

Archbishop Makarios of Australia joins global outcry over deadly church bombing in Syria

Archbishop Makarios of Australia has condemned the suicide bombing at the Greek Orthodox Church of Prophet Elijah in Damascus, Syria.

State of emergency declared as wildfires ravage Chios for second day

Wildfires continued to ravage Chios for a second consecutive day, prompting mass evacuations and the declaration of a state of emergency.

Trump claims Israel and Iran agree to ‘complete and total’ ceasefire

US President Donald Trump has announced what he described as a “Complete and Total” ceasefire between Israel and Iran.

You May Also Like

George Kambosos Jr eyes Lopez rematch after successful move to 140lbs

George Kambosos Jr believes a rematch with Teofimo Lopez could be on the cards following his successful move to the 140lbs weight class.

Archbishop Makarios of Australia condemns rising anti-Semitism amid Gaza ceasefire

Sydney's Greek Orthodox archbishops have condemned the surge in anti-Semitic incidents across Australia, urging an end.

Sydney’s Greek community gathers to celebrate All Saints Day with Community Fair

Souvlakia, loukoumades and Greek dances by students from All Saints Grammar (ASG) are always a great way to celebrate a feast day.