05 Mar 1010 On ATO "systems" (new or old?)MEMBER 31 writes:
"Two married primary producers each generated a $70k business loss in 2008/09. They have now received a payment demand from Centrelink because with a combined income of $140k they have exceeded the threshold for their FTB. Centrelink refuses to amend the demand because they assert that the info provided by the ATO is a taxable income of $140k. Is this a consequence of the new ATO systems? Have the boffins developed a system that transmogrifies a loss into a profit?