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A collection of updates, articles and papers written by The Little CFO & The Little CFO Legal

Reminder from ATO: Disclosure to Credit Reporting Bureaus

A reminder from the ATO this week: businesses that meet certain reporting criteria may have their tax debt information disclosed to credit reporting bureaus* unless they are already engaging with the ATO to manage tax debts.

The ATO will write to a business if it intends to disclose its’ tax debt, after which point the business will have 28 days from receiving the notice to take relevant action.

*Credit reporting bureaus that have signed a Deed of Agreement with the ATO to receive tax debt information will be listed on our public register of registered credit reporting bureaus.

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