Options for addressing phoenix activity , Business Law and Ethics

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Stakeholders emphasised that a coordinated, whole of government approach is necessary to mitigate phoenix activity. Stakeholders also emphasised that options should recognise the different roles, responsibilities and resources of the ATO, ASIC and FWO. Multiple stakeholders commented that in developing options there must be an awareness of the implications of any option for risk taking and entrepreneurship. Stakeholders were particularly enthusiastic about options that had a proactive focus, rather than a reactive focus. It was commented by one stakeholder that rather than acting in response to incidents, agencies should move towards a proactive and preventative approach.


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