The ATO has released an updated version of its Code of settlement practice. It provides guidance for ATO staff on the settlement of taxation disputes in relation to all taxpayers, and where settlement could be considered. The Code has been updated to, among other things, recreate several tables, replace broken links, and repair formatting.
The Code is designed to ensure that settlements of taxation disputes occur only in appropriate cases and in accordance with established practices that provide the necessary checks and balances, and that there is transparency and accountability in the settlement process. The ATO’s settlement guidelines were first introduced in 1991 and the Code applies from its date of release.
[LTN 224, 19/11/13]