AUSTRAC has released guidelines governing its release of bulk information to the ATO and designated agencies. This guidance is to assist the AUSTRAC Chief Executive Officer in considering requests for the disclosure of bulk AUSTRAC information from:
- the Commissioner of Taxation or any taxation officer (ATO official); or
- an appropriately authorised official of a designated agency.
According to the guidelines, the AUSTRAC CEO will provide an ATO official with downloads of bulk AUSTRAC information upon written request, in line with the process outlined in the MOU between AUSTRAC and the ATO and in the guidance note. ATO officials can access AUSTRAC information for the purpose of facilitating the administration or enforcement of a taxation law.
[LTN 21, 1/2/13]