Tax Administration & Compliance Framework
By Peter Adams
1h 38m CPD time
Content may be outdated
This video is over 2 years old and may contain outdated information. Explore recent videos or report an issue.
Falling foul of Australia’s intricate web of tax administrative requirements can lead taxpayers to ATO audits, reviews and debt collection actions.
Understanding the tax administration framework is imperative for taxpayers and advisers so they are aware of their rights and obligations.
In this session, we cover:
Legal force of ATO rulings, determinations and interpretative decisions
Requirements to lodge and make full and true disclosure in tax returns
Limitations of the Commissioner’s search and access powers
Fundamentals of the ATO audit and review processes, including taxpayers’ right to disclosure
Scope and effect of Australia’s tax penalty regime
Requirements for valid assessments and amended assessments
Taxpayers’ right of objection and review
Basis and mechanism for adopting reasonably arguable positions
Operation of the safe harbour protection for taxpayers against penalties
Tax debt collection do’s and don’ts
Tax agent duties and obligation under prevailing governing framework
Date recorded: 4 April 2024