Jones Partner
 

ATO Debt Collection Process under review

05/06/2014 by Bruce Gleeson

On 26 May 2014, a review into the ATO’s approach to debt collection was announced by the Inspector General of Taxation, Mr Ali Nozoori. It was noted that over the last 10 years that the ATO has reported an increase in total collectible debt. In 2012/13 the total amount of this was about $17.7 billion and importantly over 60% was owed by small business. This supports what I frequently see, whereby the ATO is quite often the largest creditor in small company insolvencies.

Attached is an audio link of an interview between Ross Greenwood from 2GB and the Inspector General Ali Nozoori.

www.2gb.com/audioplayer/46351