Australia’s tax system is built on a foundation of voluntary compliance, with 93% of tax being collected voluntarily. A critical element of this system is the provision of advice that is timely, relevant and effective. This session covers the various ATO public and advice and guidance products including:
- The role of each public advice and guidance product
- The ‘newer’ Practical Compliance Guidelines and Law Companion Rulings
- The level of protection that the various advice products provide and the limitation of that protection
- Current processes for the development of public advice and guidance.