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  • ATO consultation arrangements report

    This report describes ATO consultation activities to 30 September 2018.

    This report is prepared monthly and shared with our stewardship groups and registered stakeholders.

    It contains:

    Stewardship group news

    The Superannuation Industry Stewardship Group met on 7 September 2018 and discussed:

    • progress of Single Touch Payroll and employee commencement services
    • feedback and member reflections on the Royal Commission and the impact it has had on the superannuation industry
    • 2017-18 Federal Budget measures and lessons learnt
    • future direction of the digital identity program and how it may apply to the superannuation industry
    • the APRA member outcomes discussion paper including a consideration of the interactions with the Royal Commission
    • the ATO’s vision and goals for superannuation in 2024.

    The Private Groups Stewardship Group met on 20 September 2018 and discussed:

    • ATO working towards 2024 and what it means for privately owned and wealthy groups
    • ATO Corporate Plan - it’s connection to current and future programs of work
    • possible timing and communication of the release of the high wealth individuals (HWI) and medium business tax gaps
    • appropriateness of any proposed uplift in High Wealth Individuals and Wealthy Australian thresholds
    • proposal to extend the obligation for large private companies to lodge Reportable Tax Position schedules and the factors to be considered if this occurs
    • Significance of block chain and cryptocurrency considering
      • Is this a disruptive technology?
      • What are the impacts on business both positive and negative, and how is this significant for the tax and super systems?
    • open discussion of issues facing privately owned and wealthy groups.

    The National Tax Liaison Group met on 27 September 2018 and discussed:

    • Smarter Data program, requests for information via information sharing treaties and the multi-lateral instrument, use of distributed ledger systems
    • progress of the ‘whistle-blower’ legislation and other Treasury updates
    • tax gap work and role of random audits
    • ATO response to the Black Economy taskforce, Taxable Payment Reporting System and additional compliance work
    • company tax rate and the dual rate system, impact of US tax reforms on Australia
    • guidance on fund raising for drought affected farmers
    • ATO’s 2024 vision, 2018-19 Corporate Plan
    • dispute resolution in the ATO and implementation of the independent review of small business pilot.

    Other news

    The ATO met with representatives from the APRA-regulated fund community, including superannuation associations and industry bodies to discuss online display of member information on 6 September 2018l The group covered various aspects of the ATO’s approach to the online display of member superannuation information, including:

    • ATO online display of member information – individuals experience and data visibility principles
    • ATO Online framework - contextual information
    • display of Superannuation Guarantee information – employer contributions data (MATS) and Single Touch Payroll (STP) reported employer contributions
    • employee on-boarding choice screens and transfer of superannuation screens
    • display of contributions data to support contributions caps.

    The 2018 Federal Budget -Super Measures Working Group met on 13 September 2018 and discussed:

    • Protecting your super package
    • reporting of inactive low balance accounts
    • SMSF Rollovers and other potential candidates.

    A small sub-group attended Extending SuperSteam Rollovers V3 including SMSFs workshop on 26 September, to work through the high level design for extending SuperStream rollovers to SMSFs.

    Focus of workshop was:

    • the end to end process for SMSF rollovers
    • the supporting verification framework – currently referred to the SMSF Verification Service (SVS)
    • establishing what changes are required for version 3 of the Rollover message.

    The broader 2018 Federal Budget super measures stakeholder groupExternal Link met on 24 September 2018.

    Project managers introduced themselves and provided an update or overview of their measures. The scope of the discussion was dependent on the passage of legislation.

    The proposals discussed were:

    • three-yearly audit cycle for some self-managed superannuation funds
    • increasing the maximum number of allowable members in self-managed superannuation funds and small APRA funds from 4 to 6
    • work test exemption for recent retirees
    • Superannuation Guarantee amnesty
    • preventing inadvertent concessional cap breaches by certain employees
    • better integrity over deductions for personal contributions (Notice of Intent)
    • re-versioning the Rollover Message Implementation Guide (MIG) (including SMSF rollovers)
    • protecting your super package – unclaimed superannuation and proactive reuniting.

    New matters for consultation

    [201824] GST and supplies by charities for nominal consideration - benchmark market values

    Registered: September 2018; expected completion: October 2018

    Purpose: To understand how effectively updated guidance for GST and supplies by charities for nominal consideration - benchmark market values enables users to understand what is required to qualify to use transitional arrangements.

    Matters in progress

    Consultation is in progress for 9 matters – for more details see Matters under consultation.

    Completed consultation

    [201820] Expansion of the taxable payments reporting system

    Registered: August 2018; completed: September 2018

    [201817] Simpler BAS user research

    Registered: July 2017; completed: September 2018

    [201759] Work related expenses

    Registered: August 2017; completed: September 2018

    See also:

    Last modified: 19 Oct 2018QC 43732