Response to PwC – tax regulator information gathering powers review

This consultation paper examines:

• whether the Australian Taxation Office’s (ATO) information gathering powers remain fit for purpose and operate to allow the ATO to properly assist the Australian Federal Police to investigate serious criminal offences perpetrated against the tax and superannuation systems.
• the limitations on the Tax Practitioners Board (TPB) using formal information gathering powers prior to commencing a formal investigation.

This consultation paper relates to the priority area identified for action in the government’s PwC response: Strengthening our regulatory arrangements.

The government is seeking stakeholder feedback on preliminary findings and proposals on tax regulator information gathering powers.