On 14 May 2024, as part of the 2024–25 Budget, the Government announced it will provide the Commissioner of Taxation with the discretion not to apply refunds or credits owing to a taxpayer against debts that:
- were put on hold before 1 January 2017, and
- the Commissioner is not currently pursuing recovery of that debt, and
- the taxpayer is an individual, small business or not-for-profit entity.
This measure is not yet law.
More information: