18/04/2026
🚨 Heads up towkays — new law changes coming 6 May 2026.
The Corporate and Accounting Laws (Amendment) Act 2025 is kicking in soon.
These are 2 key things every director must know:
1️⃣ Heavier penalties for directors
Director is not just name only anymore.
If you:
- Don’t manage your company properly
- Never check accounts or finances
- Sign things without understanding
👉 Fines can go up to $20,000
👉 Serious cases → jail up to 12 months
2️⃣ Stricter rules on misuse of companies
Using company for “helping people move money” or shady transactions?
👉 Can be considered money laundering
👉 You can be disqualified as director
💡 In simple terms:
Don’t act blur as director
If anything goes wrong —
👉 you are responsible
📩 Not sure if your setup is compliant?
Drop us a message.
Athel Accounting — Your Personal Accountant.
