Show download pdf controls
  • 2021 Completed matters

    Below are the consultation matters registered in 2021 that have been completed.

    If you require further information about the matters listed below, email consult@ato.gov.au

    [202106] Potential concerns/risks for loss carry back and temporary full expensing measures

    [202102] Loss carry back choice

    [202101] User testing – ATO app

    [202106] Potential concerns/risks for loss carry back and temporary full expensing measures

    Consultation purpose

    To seek stakeholder input to identify potential concerns and risk the ATO needs to consider for the loss carry back and temporary full expensing measures.

    Description

    The ATO is considering developing guidance on 'what attracts our attention' for loss carry back and temporary full expensing measures.

    Who we consulted

    Members of the:

    Outcome of consultation

    Feedback received is being considered prior to the publication of web guidance on concerns/risks in relation to clients making a claim for loss carry back or temporary full expensing measures.

    Consultation lead

    Amy James-Velagic, Private Wealth
    amy.james-velagic@ato.gov.au
    Phone (08) 9268 5916

    [202102] Loss carry back choice

    Consultation purpose

    To consult on the application of the loss carry back choice, including the correct interpretation of the law and any subsequent implications.

    Description

    On 6 October 2020 as part of the 2020–21 Budget, the government announced that it will target support to businesses and encourage new investment through a loss carry back regime. Eligible corporate entities with a prior corporate income tax liability in a relevant year that have subsequently made taxable losses can claim a refundable tax offset up to the amount of their previous income tax liabilities or closing franking account balance (in the claim year).

    The ATO is developing guidance on whether a taxpayer can revoke, replace, amend or make additional choices after making an initial loss carry back choice.

     

    See Advice under development – [4017] Corporate loss carry back tax offset - loss carry back choice.

    Who we consulted

    • Members of professional associations including
      • CPA Australia
      • The Law Council of Australia
      • Chartered Accountants Australia and New Zealand
      • The Tax Institute
    • Representatives of accounting firms and client groups

    Outcome of consultation

    Feedback received is being considered prior to the finalisation of the draft taxation determination on the application of the loss carry back choice.

    Consultation lead

    Amy James-Velagic, Private Wealth
    amy.james-velagic@ato.gov.au
    Phone (08) 9268 5916

    [202101] User testing – ATO app

    Consultation purpose

    To test the design and new functionality in the ATO app, prior to implementation.

    Description

    The ATO app is being updated to allow users to securely access a personalised experience that enhances and simplifies their relationship with the ATO.

     

    These improvements will focus on:

    • device biometric authentication (leverages myGov)
    • access to personalised information
    • contemporary look and feel.

    Who we consulted

    • Individuals
    • Sole traders

    Outcome of consultation

    User feedback has provided opportunities to further enhance the user experience in upcoming ATO app updates.

    Consultation lead

    Scott Hanham, Enterprise Solutions and Technology
    scott.hanham@ato.gov.au
    Phone (07) 3213 8810

      Last modified: 31 Mar 2021QC 64924