In its submission, the AICD expressed strong support for measures which would improve the ability of government agencies to address corporate misuse of the FEG scheme. However, the AICD expressed concerns regarding a number of aspects of the Exposure Draft put forward by the government, including unintended consequences which may follow from the introduction of a new civil penalty provision, and a new employee entitlements contribution order, which would pierce the corporate veil.

You can read our submission here.