Taxation Administration (Tax Debt Information Disclosure) Declaration 2019 (Cth)

Taxation Administration (Tax Debt Information Disclosure) Declaration 2019

I, Michael Sukkar, Minister for Housing and Assistant Treasurer, make the following Declaration.

Dated 19 December 2019

Michael Sukkar Minister for Housing and Assistant Treasurer

Contents Part 1—Preliminary 1 Name 2 Commencement 3 Authority 4 Definitions 5 Interpretation Part 2—Classes of entities whose tax debt information can be disclosed to credit reporting bureaus 6 Declared class of entities—taxpayers carrying on a business or similar venture with total tax debts of $100,000 or more for more than 90 days and who fail to effectively engage with the Commissioner

Part 1—Preliminary

1 Name This instrument is the Taxation Administration (Tax Debt Information Disclosure) Declaration 2019.

2 Commencement (1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Commencement information Column 1 Column 2 Column 3 Provisions Commencement Date/Details 1. The whole of this instrument The 60th day after the day this instrument is registered.

Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument. (2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3 Authority This instrument is made under the Taxation Administration Act 1953.

4 Definitions In this instrument: objection decision has the same meaning as in section 2 of the Act. reviewable decision has the same meaning as in section 10 of the Superannuation Industry (Supervision) Act 1993. taxation objection has the same meaning as in section 14ZL of the Act. tax debt information means information relating to the tax debts of an entity that may be disclosed under subsection 355‑72(1) or subsection 355‑72(4) in Schedule 1 to the Act. the Act means the Taxation Administration Act 1953.