Coronavirus (COVID-19) updates from the Australian Government

Disclosure of Business Tax Debts

This consultation process has now been completed.
Date
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Consultation Type
Exposure Draft

Key Documents

On 24 July 2019, the Government introduced legislation which gives the Australian Taxation Office (ATO) the ability to disclose the tax debt information of businesses who do not pay their tax debts to credit reporting bureaus in certain circumstances.

The Government is seeking the community's views on the exposure draft legislative instrument which sets out the class of business whose tax debt information can be disclosed. The legislative instrument only allows the ATO to disclose this information when certain conditions and safeguards are met, including ensuring the entity has not entered into a payment arrangement with the ATO, does not have a complaint with the Inspector-General of Taxation about the disclosure of debt information and has total tax debts of at least $100,000 which has been payable for more than 90 days.

Submissions

No submissions are currently available.