ATO issues call to NSW and Qld communities affected by March floods
People affected by the NSW and Queensland March floods are being told to contact the ATO if they are struggling to meet their tax and super obligations.
Depending on individual circumstances, the ATO may:
- give people extra time to pay their debt or lodge tax forms such as activity statements;
- help re-construct tax records that are lost or damaged;
- fast track refunds;
- set up a payment plan tailored to individual circumstances, including interest free periods; and
- remit penalties or interest charged during the time people have been affected.
The ATO is also reminding business owners that it is important to keep their Australian business number (ABN) information up to date, as it is:
- used by Emergency Services and other government agencies during times of natural disaster;
- used by the Government to identify where financial disaster relief is needed to help businesses recover in disaster affected areas; and
- likely to be checked if they are applying for a grant or loan for their business.
Business owners can access, change or cancel their ABN details online at abr.gov.au. All changes made to their ABN online will take effect immediately.