ATO Procedures Regarding Disclosure Of Business Tax Debts (as At 6 May 2024 And 8 July 2024), Garnishee Notices (as At 25 September 2024 And 3 December 2024), And Pre-Issue Assurance Process (as At…

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The ATO disclosed internal procedural guidance on its business tax debt disclosure scheme to credit reporting bureaus (CRBs), which operates since February 2020. The disclosure covers operational procedures, staff call-handling guidelines, and letter templates across three policy areas: debt disclosure, garnishee notices, and pre-issue assurance processes. Businesses become eligible for CRB reporting when they have an ABN, are not excluded entities, owe at least $100,000 overdue more than 90 days, lack active complaints with the ombudsman, and are not engaging with the ATO on debt management. The ATO must issue a 28-day Intent to Disclose Notice before reporting. The scheme aims to increase visibility of overdue debts, encourage engagement with the ATO, and level competition by penalizing non-compliant businesses. Excluded entities include deductible gift recipients, complying superannuation funds, registered char