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ATO consultation report

Monthly report on ATO consultation.

Last updated 11 February 2024

This report describes ATO consultation activities in December 2023 | January 2024.

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

It contains:

Consultation matters

Statistics

Consultation matters received

2

Consultation matters completed

14

Matters under consultation

13

Advice and guidance products released for comment

3

Legislative instruments released for comment

0

Consultation matters received

[202402] User research - Enhancing communications for debt compliance

[202401] Multinational Tax Integrity – strengthening Australia’s interest limitation (thin capitalisation) rules

Consultation matters completed

[202230] Sharing Economy Reporting

Advice and guidance products released for comment

Draft Taxation Determination TD 2023/D3 Income tax: trustee risk reserves – deductibility of payments made by a superannuation fund to its trustee

Draft Taxation Determination TD 2023/D4 Income tax: deductions for financial advice fees paid by individuals who are not carrying on a business

Draft Taxation Determination TD 2024/D1 Income tax: royalties – character of payments in respect of software and intellectual property rights

See open consultation for products open for comment.

Legislative instruments released for comment

No draft legislative instruments were released for comment.

See open consultation for products open for comment.

News

Stewardship groups

The National Tax Liaison Group (NTLG) met and the topics discussed included:

  • the ATO’s approach to managing objections and potential improvements to reduce objection processing timeframes
  • the proposed expansion of the small business Independent Review program
  • the new system of federal administrative review
  • the administration of, and proposed changes to, the small business litigation funding program
  • ATO settlement and litigation trends
  • General Anti Avoidance Rules Panel activity over 2023
  • potential NTLG meeting topics for 2024.

The Small Business Stewardship Group (SBSG) met out of session and the topics discussed included:

  • outcomes of the 2023 membership refresh process
  • small business foundational habits
  • SBSG outcomes and achievements
  • the year ahead, likely challenges for small businesses in 2024 and how can this be reflected in SBSG discussions.

Special purpose working group

The Lodge and Pay Working Group met and discussed:

  • Lodge and Pay reset
  • improving taxpayer payment habits.

The Residential Rental Properties Working Group met and discussed:

  • ways to improve rental reporting
  • current challenges and opportunities relating to rental properties.

Stakeholder relationship group

The BAS Agent Association Group met and the topics discussed included:

  • the Improve small business tax performance initiative
  • Lodge and Pay update
  • client-to-agent linking
  • updates from the Tax Practitioners Board
  • BAS Agent Association Group 2023 year in review and 2024 priorities.

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