This report describes ATO consultation activities in August 2024.
This report is prepared monthly and shared with our stewardship groups.
It contains:
Consultation matters
Statistics
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1 |
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1 |
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18 |
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5 |
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1 |
Consultation matters received
[202419] Optimising the objection process for individuals
Consultation matters completed
[202409] Attribution of risk weighted assets for thin capitalization (foreign banks)
Advice and guidance products released for comment
Decision Impact Statements
- Konebada Pty Ltd ATF the William Lewski Family Trust v Commissioner of Taxation
- Fidge and Commissioner of Taxation
Draft Excise Determination
ED 2024/D2 Alcohol excise: the addition of water and the integral attributes of beer for the purposes of the Excise Tariff Act 1921
Draft Goods and Services Tax Determination
GSTD 2024/D2 Goods and services tax: supplies of sunscreen
Draft Practical Compliance Guideline
PCG 2024/D2 Personal services businesses and Part IVA of the Income Tax Assessment Act 1936
See open consultation for products open for comment.
Legislative instruments released for comment
Draft Legislative Instrument Excise (Concessional Spirits – Class of Persons) Determination 2024
See open consultation for products open for comment.
News
Stewardship groups
The National Tax Liaison Group met and the topics discussed included:
- consultation, including current, closed and proposed ATO consultation
- the implementation of ATO confidentiality deeds
- the Australian Public Service Commission capability review
- conflict of interest management.
The Small Business Stewardship Group met and the topics discussed included:
- the ATO’s approach to fostering on-time payments and preventing future debts
- the ATO counter fraud strategy
- support to help small businesses with tax and super, including the 4 small business personas
- upcoming out-of-session meetings on the ATO’s payment approach and the new requirement for self-assessed income tax exempt not-for-profits.
The Tax Practitioner Stewardship Group met and the topics discussed included:
- the ATO counter fraud strategy and the current fraud environment
- support for practitioners facing issues meeting obligation due dates
- Tax Practitioners Board law reform updates
- the ATO debt payment strategy.
The final TPSG tax time meetings for 2024 were held with TPSG members on 6 and 20 August to share tax time related progress updates and emerging issues
Stakeholder relationship groups
The BAS Agent Association Group met for an out of session meeting on Division 7A guidance topics that included:
- common Division 7A myths
- member experiences, insights and suggestions to inform guidance
- upcoming education and speaking opportunities.
The Tax Profession Digital Implementation Group met and the topics discussed included:
- the ATO Digital Strategy
- the Modernisation of Trust Administration Systems project
- the Online access strength pilot
- Access Manager draft best practice guidelines for Online services for agents and how this could align to SBR-enabled software.
Special purpose working groups
The Communication Content Working Group participated in an email consultation that closed on 8 August on proposed super guarantee charge statement and Excel changes.
The Better Targeted Superannuation Concessions Working Group met and the topics discussed included:
- communication needs for the total super balance change
- the administrative design of the Division 296 measure.