Australian Taxation Office ATO Commissioner Chris Jordan at the National Press Club in Canberra, Wednesday, February 21, 2024. Source: AAP Image/Mick Tsikas.
Outgoing Commissioner of Taxation Chris Jordan delivered a forthright address on Wednesday to round out his tenure at the Australian Taxation Office (ATO), covering the highlights and significant difficulties faced during his 11-year tenure.
The entire 70-minute address is available for viewing online, but SmartCompany has highlighted five of the key points for small businesses.
GST and ABN registrations
Almost everything about the $2 billion GST fraud wave was shocking, and Jordan’s speech, months after the ATO-led crackdown formally closed, included a few more surprises.
In response to around 57,000 Australians using their real names to register for an ABN, register for GST, and submit false BAS to earn a dodgy GST refund, Jordan said the ABN and GST registration process will become “slower and potentially more difficult”.
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