The ATO on Thur 7.2.2013, amended Practice Statement PS LA 2011/5, which deals with the recovery by the ATO of administrative overpayments, and outlines the circumstances and risk factors that will determine how and when the ATO will take action to recover administrative overpayments. The amendments add new paragraphs concerning for example reinforcing tax officers’ obligations to follow the Taxpayers’ Charter, and the inclusion of policy on the imposition of GIC in the context of over-claimed refundable tax offsets.
[LTN 26, 8/2/13]