Tax Law Passes, Aims To Protect Confidentiality
PRIVACY LAW—AUSTRALIADecember 3, 2010
The Tax Laws Amendment Bill 2010 passed through both houses of parliament this week, The Gov Monitor reports. The bill aims to improve the confidentiality of taxpayer information collected by the Australian Taxation Office (ATO), the report states, and consolidates 18 existing disclosure provisions into a single framework while removing inconsistencies. New disclosure provisions were added to address law enforcement agencies and courts. "Taxpayers provide personal information to the tax office expecting it to be kept confidential. This legislation, therefore, balances this protection of taxpayer information and the value of using this information for other appropriate purposes," said the assistant treasurer and minister for financial services and superannuation.