The Treasury Laws Amendment (2019 Tax Integrity and Other Measures No. 1) Bill 2019Schedule 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 the key terms from the Bill, and also see the related Tax Technical article¬†summarising the operation of the provisions (from the EM) and the article setting out the Law Council of Australia’s consultation submission.

FJM 17.8.19

[Tax Month – August 2019]

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