Australian Directors Made Personally Liable; Mexico Enforces Personal Data Protection Rules: HR, Data Privacy and Compliance Updates from Nair & Co.
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http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130213:nBw135542a SUNNYVALE, Calif.--(Business Wire)-- Nair & Co., the leader in international business expansion services has released Data Privacy, Compliance and HR updates for companies doing business in Australia and Mexico. Australian Directors Become Personally Liable for Unpaid Superannuation The new director penalty regime makes directors personally liable, in case their company fails to make certain compulsory payments or superannuation payments, like tax withholding from employees` wages. The amendments are introduced to decrease the possibility of intentional fraud by directors, `phoenix` activity, wherein a director accumulates debts in name of the company, liquidates the company before paying the debts, and then forms a new debt-free business entity or avoids payment of the entitled payments to employees. Read More at http://www.nair-co.com/AustralianDirectorsLiableforUnpaidSuperannuation-08-02-2013.aspx Mexican Companies Handling Personal Data must Comply with Prescribed Rules In a recent case, the Federal Institute for Access to Information and Data Protection (IFAI) of Mexico has imposed a penalty on Pharma Plus, S.A. de C.V. (engaged in drugstore operation trade) for breaching the personal data protection law, which came into effect on July 5, 2010. More at http://www.nair-co.com/MexicoPersonalDataViolation-07-02-2013.aspx Subscribe to regular industry alerts from Nair & Co. @ http://www.nair-co.com/subscribe.aspx For more information about doing business overseas or specific International Tax, HR, Compliance or Legal issues please contact us at http://www.nair-co.com/global-offices.aspx About Nair & Co. Nair & Co. provides you with your one touch outsourced finance, HR, legal and compliance department for your international operations. If you are expanding abroad for the first time or increasing your global footprint, our turnkey solutions help you do so with minimal risk, stress and cost. We support 4000+ client operations in over 56 countries and have core offices in U.K., India, China, U.S., Japan and Singapore. Nair & Co. was named among the top 100 outsourcing services providers in the world by the International Association of Outsourcing Professionals (IAOP). Learn more at www.nair-co.com. Nair & Co. Nandita Verma, 408-515-9048 firstname.lastname@example.org Or Gutenberg Communications for Nair & Co. Marilyn Gerber or Stefanie Cannon, 408-335-6965 email@example.com Copyright Business Wire 2013