The Treasury Laws Amendment (2019 Tax Integrity and Other Measures No. 1) Bill 2019 – Schedule 5, will amend the TAA 1953 to allow taxation officers to disclose the tax debt information of a particular entity operating a business to credit reporting bureaus when certain conditions and safeguards are satisfied. See related Tax Technical article about the whole of the Bill.
See below for an explanation of the measure, from the Explanatory Memorandum.
See also the Tax Technical article with the terms of the Schedule 5 of the Bill and the article setting out the Law Council of Australia’s consultation submission.
FJM 17.8.19
