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I'm told if you overstate your ITWV cost estimates, the ATO will deny future ITWV approvals. That's a worry if you make a mistake, especially in this unpredictable economic climate.

Someone told me that if you submit the PAYG variation and get it wrong, i.e. over state your expenses, the ATO will never approve your variation again. Is this true ? that seems a bit harsh. Especially with interest rates being more volatile. I thought you would just reconcile the differences in...