Taxation Administration Act 1953 (Cth) s269-20: s 269-20 Penalty

A person who was a director at or before the end of the due day is personally liable to a penalty, due and payable at the end of the due day, if the directors remain under the s 269-15 obligation at that time. A person who becomes a director after the due day and is still under the obligation 14 days later is also personally liable, the penalty becoming due and payable at the end of that 14th day. The Commissioner must not begin recovery proceedings until 21 days after giving the director a penalty notice under s 269-25.