The Government announced it would introduce a third-party reporting regime for the sharing economy in the 2019-20 Mid-Year Economic and Fiscal Outlook.
The reporting regime will require operators of electronic platforms within the sharing economy to report identification and payment information regarding participating sellers to the ATO for data matching purposes.
It is intended that the reporting regime will apply to transactions that relate to the supply of:
- Ride-sourcing and short-term accommodation from 1 July 2022
- Asset sharing, food delivery, tasking-based services and other services (except for transactions where only the title or ownership of goods or real property are exchanged, and relating to financial supplies) from 1 July 2023.
Feedback from stakeholders is sought on the attached Exposure Draft legislation.
Further background (including submissions) can be found in the January 2019 consultation process.
You can submit responses to this consultation up until 02 August 2021. Interested parties are invited to comment on this consultation.
While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.
All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment.
Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.
View our submission guidelines for further information.
How To Respond
Address written submissions to:
Corporate and International Tax Division
Parkes ACT 2600