ATO issues list of next open consultations

In addition to potential advice and guidance currently open for consultation, it plans to seek formal comment on the following items in June and July 2022.

The list includes the [4002] Self-managed super funds – interests in another entity

[4030] Water rights in June.

From July the ATO will be seeking consultation on:

[3932] Taxing US and UK resident financial institutions under US and UK taxation conventions

[3949] Collection and recovery of disputed debts

[4023] Excise refund scheme – meaning of “legally and economically independent”

[4032] GST and tax law partnerships

[4039] Commissioner’s discretion to determine that an entity does not control another entity

If you would like us to consult on a specific issue or topic, complete our Matter for consultation form.