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ARTICLE · 21 OCTOBER 2021

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Reporting of unpaid debts to credit reporting agencies

Moore Australia
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The ATO will commence reporting unpaid business tax debts to credit reporting bureaus (CRBs) in certain circumstances.

AustraliaFinance and Banking
Varun Kumar
Varun Kumar
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The Australian Taxation Office (ATO) will commence reporting unpaid business tax debts to credit reporting bureaus (CRBs) in certain circumstances. The ATO will issue impacted businesses with a notice of intent if they plan on reporting these debts to CRBs. Businesses will have 28 days to take the relevant action to prevent the ATO from disclosing this information to CRBs.

Impacted businesses
The ATO may report unpaid business tax debts to CRBs if the following conditions are met:

  • The business has an Australian business number (ABN) and is not an excluded entity.
  • The business has one or more tax debts, of which at least $100,000 is overdue by more than 90 days.
  • The business is not engaging with the ATO to manage their tax debt.

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