Tag: Overdue Tax Debts

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ATO’s Improved Transparency of Overdue Tax Debts of Businesses will Benefit Debt Collectors

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ATO’s Improved Transparency of Overdue Tax Debts of Businesses will Benefit Debt Collectors

The Australian Taxation Office (ATO) will soon be empowered to report a business’ overdue tax debts to credit reporting bureaus under new draft legislation. ATO enables better credit control by advising credit reporting bureaus when businesses don’t pay debts. The legislation, still to be drafted and completed, will require a business to “effectively engage” with the […]

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