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The Build to rent (BTR) Bills passed Parliament and received Royal Assent on 10 December 2024. A Legislative Instrument covering initial standards for the BTR measure were made on 18 December 2024. Further legislative instruments will be made in 2026. The measure commenced 1 January 2025.
Previous PAG identified that there are some aspects of the law that may not be clear and may require administrative or interpretative guidance for those adopting the BTR laws. The ATO is aware of certain areas stakeholders will require interpretative guidance. However, so we can provide support for stakeholder participation and compliance, we will engage externally to understand what guidance or PAG are required to correctly apply the laws.
Consultation will assist the ATO’s administration of the BTR laws, guiding stakeholders implementing the BTR laws. PAG is anticipated to reduce the number of enquiries raised with the ATO on the BTR law. It is anticipated these enquiries could range from general administrative requests, through to private binding rulings.
This initiative builds on feedback received in submissions to Treasury and the Senate Estimates Committee during the consultation process for the Bills.
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