Draft legislation increases small business rights to contest ATO debt recovery action
The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) has welcomed draft legislation from government which would increase the rights of small businesses to contest the ATO’s collection of disputed tax debt.
by Shared from Independent Financial Adviser | Jan 16, 2022
This week the government called for feedback on the draft legislation which outlines a number of amendments to the Taxation Administration Act 1953 to allow the Administrative Appeals Tribunal (AAT) to pause or modify the Commissioner of Taxation’s debt recovery actions and enable small businesses to seek AAT orders that prevent the Commissioner from taking debt recovery actions.
Read more at Independent Financial Adviser
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