CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Tax Office Announces External Debt Collection Services Panel

Tax Office Announces External Debt Collection Services Panel

by Carla Johnson, Investors, London

15 October 2007

The Australian Tax Office has announced the appointment of a panel of external collection agencies to assist with the collection of debt, including tax debts over two years old and employer superannuation guarantee charge debt.

Following a competitive tender process, four agencies have been selected: Dun & Bradstreet, Baycorp Collection Services Pty Ltd, National Credit Management Limited, and Recoveries Corporation Group Limited.

Acting Tax Commissioner, Jennie Granger said that the appointments follow a successful 3 month trial conducted in 2006, which resulted in $21 million in outstanding debt being collected.

“We do understand there are situations when it can be difficult to pay an outstanding debt. What is really important is that people contact us as early as possible so we can agree on a suitable arrangement to get them back on track,” Ms Granger explained. “The panel will help us follow up more quickly and encourage people and businesses to pay their debts. “Some of the debt to be referred for collection will be superannuation money owed to employees so will help protect retirement savings,” she continued.

The Tax Office was allocated an additional $42 million over four years in this year’s federal budget to establish and pay for the services of the panel, and expects to commence referring parcels of debt for collection activity towards the end of 2007.

The panel is required to adhere to strict privacy and professionalism guidelines, and will have to report back to the Tax Office monthly on its progress and adherence to these guidelines. All Commonwealth secrecy and privacy requirements will also need to be met.

“Our debt collection strategies, including the establishment of this panel are about fairness and creating a level playing field for everyone. “I encourage anyone experiencing difficulties to contact us as soon as possible on 13 11 42 and we will work with them to clear any tax debt before it becomes unmanageable,” Ms Granger concluded.

To see today's news, click here.


Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »

Stay Updated

Please enter your email address to join the mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.

To manage your mailing list preferences, please click here »