Small business debt
Members participated in a session facilitated by Fyusion Asia about understanding the ATO small business landscape. The session sought insight from members on how the ATO can best support small business manage their tax debt and encourage early engagement when they need help.
Agency Updates
ATO
The Inspector-General of Taxation and Taxation Ombudsman (IGTO) report Investigation and Exploration of undisputed tax debts in AustraliaExternal Link was released on 30 June 2021. In this report, the IGTO recommended co-design and enhanced reporting of debt data that may be shared publicly or with discrete stakeholders to assist with tailoring their work and/or engagements. Consultation commenced on 20 March 2023.
The Small Business Newsroom will be moving to a new platform to provide additional flexibility and more timely and tailored delivery of news content for readers. The change means that small businesses need to re-subscribe if they would like to continue receiving the newsroom. Small Business Stewardship Group members are encouraged to promote this message to their members and networks.
Australian Small Business and Family Enterprise Ombudsman
The Ombudsman will undertake a review of the implementation for reforms to the Commonwealth Procurement Rules (CPR’s). The purpose of which is to assess the effectiveness of reforms, how the changes impact small businesses that participate in commonwealth procurement and recommend further changes that could improve operation for small business.
Treasury
Treasury released a survey to one thousand small businesses with the purpose of understanding mental health impacts during the pandemic. Results indicate that over 20% were diagnosed with a mental health condition, however half did not seek support due to stigma. Other barriers to accessing support included cost and lack of time.
The Payment Times Reporting Scheme review is on track with a report to be provided to government by 30 June 2023.
The Franchise Disclosure Register became searchable on 15 November 2022 to address current information gaps and to support due diligence activities for those considering entering a franchise.
Meeting close
We have formally commenced a membership refresh to ensure we have the right balance of voices representing the small business sector. Nominations are open.
Attendees
Organisation |
Attendee |
---|---|
ATO |
Will Day (Co-chair), Small Business |
ATO |
Anthony Marvello, Technical Leadership and Advice |
ATO |
Emma Tobias, Small Business Experience |
ATO |
Kath Anderson, Individuals and Intermediaries |
ATO |
Larissa Jones-Angel, Marketing and Communication |
ATO |
Martin Jacobs, Australian Business Registery Services |
ATO |
Michelle Allen, Superannuation and Employer Obligations |
ATO |
Vivek Chaudhary, Lodge and Pay |
Australian Chamber of Commerce and Industry |
Natalie Heazlewood |
Australian Lottery and Newsagents Association |
Michael Renshaw |
Australian Retailers Association |
Jason Robertson |
Australian Veterinary Association |
Moss Siddle |
Business Enterprises Centre Australia |
John Todd |
Chartered Accountants Australia and New Zealand |
Susan Franks |
Direct Selling Association of Australia Inc |
Adele Sutton |
Indigenous Business Australia |
Gordon Jeffrey |
Institute of Certified Bookkeepers |
Colin Walker |
Real Estate Institute of Australia |
Jock Kreitals |
Restaurant and Catering Industry Association |
Hugo Robinson |
Small Business Operator |
Deborah Cook |
Small Business Operator |
Paul Meissner |
Small Business Operator |
Tony Sama |
Treasury |
Bede Fraser, Small and Family Business |
Treasury |
Gino Grassia, Small and Family Business |
Guest attendees
Organisation |
Attendee |
---|---|
ATO |
Anita Challen, Lodge and Pay |
ATO |
Claire O’Neill, Lodge and Pay |
ATO |
Ian Ayrton, GST Program |
ATO |
Jacqui Marchment, Lodge and Pay |
ATO |
Jill Kitto, Lodge and Pay |
ATO |
Michael Buscema, Lodge and Pay |
ATO |
Stacey Clarke, Lodge and Pay |
ATO |
Thomas Kaplan, Lodge and Pay |
Financial Counselling Australia |
Helen Davis |
Fyusion |
Hulie Kleinman, Facilitator |
Fyusion |
Lisa Koch, Facilitator |
McKinsey |
Seckin Ungar |
McKinsey |
Sohaib Perwaiz |
Treasury |
Tom Pollock |
UNSW Tax Clinic |
Dr Ann Kayis-Kumar |