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Exposure Draft Confidentiality of Taxpayer Information Bill and Explanatory Material

Date:

Friday, 13 March 2009

Content ID:

1489

Abstract:

The Assistant Treasurer and Minister for Competition Policy and Consumer Affairs, the Hon Chris Bowen MP, has released for public consultation an exposure draft Confidentiality of Taxpayer Information Bill and explanatory materials.

The exposure draft Bill proposes to consolidate, into a single comprehensive framework, taxation secrecy and disclosure provisions that are currently found across some 18 taxation law acts. The creation of a single framework was first proposed in a Treasury discussion paper released on 17 August 2006.

In addition to simplifying and reducing the volume of the existing law, the key elements of the exposure draft Bill are that:

  • It maintains current levels of disclosure that can be made by the ATO to other government agencies;
  • It introduces some new disclosure provisions where the public benefit in disclosure outweighs taxpayer privacy; and
  • It includes clear rules to govern the on-disclosure of information provided by the ATO to another agency or entity.

Interested parties are invited to comment on the exposure draft bill and explanatory materials. While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please email responses in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment. A request made under the Freedom of Information Act 1982 (Commonwealth) for a submission marked 'confidential' to be made available will be determined in accordance with that Act.

Closing date for submissions: 17 April 2009

Address written submissions to:
General Manager
Business Tax Division
The Treasury
Langton Crescent
PARKES  ACT  2600

Email: confidentiality@treasury.gov.au.

Any enquiries should be directed to Lucas Rutherford on (02) 6263 4334

Documents Available:


Acrobat (PDF) documents

 Acrobat (PDF)

Exposure Draft  226.72kb
Explanatory Material  409.17kb
Consultation Summary  44.69kb

Microsoft Word (RTF) documents

 Microsoft Word (RTF)

Exposure Draft  548.61kb
Explanatory Material  1,152.60kb
Consultation Summary  865.37kb

Related Items:

Discussion Paper for the Review of Taxation Secrecy and Disclosure Provisions - 17/08/2006
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Submissions: Exposure Draft Confidentiality of Taxpayer Information Bill and Explanatory Material - 25/06/2009
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