TAX HELP ADVICE! My boss is going bankrupt and says the ato will pay our taxout anyway?

is this right? should i trust her? i have only just signed a tax file dec. form, and i have all my payslips with taxed amounts? is this enough to protect me from having to pay tax to the ato that she has already deducted from my wage? she is going bunkrupt, putting business in daughters name so business will still be running and she wont loose anything and wont have to pay creditors but our taxes will be payed by the ato. should i just report her? although it is already end of finacial year today, will the ato pay my taxes out correctly if i report her and have payslips proving it. i have been working with her 7 months and and have only just signed a tax file dec form but with her daughters signature? doesnt that mean only the taxes in the daughters name are on "the books" I am not an accountant or anything am just in traing :( and am very confused at what i should do