ATO disclosure of Tax Debts to Credit Reporting Bureaus – ATO’s consultation on its proposed administration of the proposed law allowing it to report tax debts, of over $10k owed by ABN holders, that are not suitably managed

The Government announced draft legislation for a ‘tax debt transparency’ (disclosure) measure on 11 January 2018, for consultation purposes (see related Tax Month article). On the same day, ATO uploaded the following article, seeking simultaneous consultation on its proposed administration of this proposed measure (with suitable disclaimers about this only being proposed administration of a…

Delinquent Tax Debt disclosure to credit reporting bureaus – consultation on draft legislation and ATO’s administrative approach

On 11 January 2018, the Minister for Revenue and Financial Services released exposure draft legislation and explanatory material for public consultation that will authorise the Australian Taxation Office (ATO) to disclose business tax debts to credit reporting bureaus (CRBs) where the businesses have not effectively engaged with the ATO to manage their debt. The Government…