ATO offers relief to flood victims

australian taxation office taxation ATO

10 February 2009
| By By Benjamin Levy |
image
image
expand image

The Australian Taxation Office (ATO) has offered to fast-track tax refunds to victims of the storms in Queensland and give taxpayers more time to pay off their debts without accumulating interest charges.

The tax commissioner, Michael D’Ascenzo, said the tax office understood that this was a trying time for residents in Queensland and that the ATO would move to alleviate the strain on victims.

The tax office also offered to help residents reconstruct destroyed tax records and give them more time to meet deadlines to lodge their tax returns.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 days 11 hours ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

1 week 1 day ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

2 months 1 week ago

Original bidder Bain Capital, which saw its first offer rejected in December, has returned with a revised bid for Insignia Financial....

3 weeks 4 days ago

The corporate regulator has named its new chief executive, who is set to replace retiring interim CEO Greg Yanco in March....

3 weeks 1 day ago

The FAAA has secured CSLR-related documents under the FOI process, after an extended four-month wait, which show little analysis was done on how the scheme’s cost would a...

3 weeks 2 days ago

TOP PERFORMING FUNDS