ATO offers relief to flood victims

australian-taxation-office/taxation/ATO/

10 February 2009
| By By Benjamin Levy |
image
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

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

3 months 1 week ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

4 months ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

4 months 1 week ago

AMP has agreed in principle to settle an advice and insurance class action that commenced in 2020 related to historic commission payment activity. ...

4 days 17 hours ago

Advice firms are increasing their base salaries by as much as $50k to attract talent, particularly seeking advisers with a portable book of clients, but equity offerings ...

3 weeks 4 days ago

ASIC has released the results of the latest financial adviser exam, held in November 2025....

1 week 3 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
moneymanagement logo