With tax time having come and gone for another year and having just lodged my tax return it got me thinking re the ATO and its powers...... I have just read an interesting article about the ATO and its 'big brother' powers......
Apparently they will now have more powers than ever to access information from Banks and Government departments and this is the reason behind the ongoing delays for tax returns as they have new technology and more information to go through!
I have just lodged my return however will have to wait 40+ days for my $$$..... Have any others had the same experience? What are others views on the ATO's powers and how/what they can access? ie will they be able to access Centrelink payments/entitlements, Rental Bond lodgments, Council rates notices etc? Not sure what they are relating to but interesting to see what others think and whether it will affect them?
Thanks
Rich
Apparently they will now have more powers than ever to access information from Banks and Government departments and this is the reason behind the ongoing delays for tax returns as they have new technology and more information to go through!
I have just lodged my return however will have to wait 40+ days for my $$$..... Have any others had the same experience? What are others views on the ATO's powers and how/what they can access? ie will they be able to access Centrelink payments/entitlements, Rental Bond lodgments, Council rates notices etc? Not sure what they are relating to but interesting to see what others think and whether it will affect them?
Thanks
Rich