The Commissioner has a broad range of powers under domestic legislation, and through exchange of information protocols, to access information about taxpayers. This includes informal requests for information and more formally through issuing statutory notices.
This practical session will focus on:
- The extent of the Commissioner’s powers, both within Australia and overseas
- How to respond to requests in a way that provides the Commissioner with assurance?
- The trips and traps
- How to manage and respond to requests to third parties or offshore related parties; and
- The important considerations when determining how to respond to a request.