BICB welcomes disclosure of business tax debts

Tax Integrity — disclosure of business tax debts — amendments

The Government will amend the 2016-17 MYEFO measure Tax integrity — improve the transparency of taxation debts to increase the threshold of business tax debts that can be disclosed to credit reporting bureaus from $10,000 to $100,000; introduce a requirement that the Minister consult with the Australian Information Commissioner before changes to the reporting criteria are made; and amend the start date of the measure to the day after Royal Assent of the enabling legislation. ATO will list these defaults with the credit reporting agencies.

Share on facebook
Share on twitter
Share on linkedin
Wayne Clark - BICB

I grew up in a family that was involved in the Building Industry, my father owned a Structural Engineering business called Australian Fabricated Industries (AFI). For the past four decades I have worked in various management rolls including a large private school and national building industry supply businesses.

Scroll to Top