Current ATO collection and Payment Plan policies, are formal insolvency options more sustainable? (Substantial law)

Speaker: Brendan Giles, Principal - Worrells

About the webinar:    It’s been well publicised over the last 18 months that the ATO is ramping up its debt collection programs, looking to collect the over $52B in debt that has accrued on its books since the start of the Pandemic in 2020. A key focus for this debt collection program is small and medium businesses, who collectively owe more than $35B

Our guest speaker will take a look at:

• The ATO’s changing approach to debt collection over the last 18 months.
• What we’ve seen and heard about the ATO’s current policies from our network.
• Assistance available to small businesses through the ATO website.
• Insolvency and Restructuring options compared to ATO payment plans
• How the ATO is responding to payment plans and requests for remission.
• How the ATO responds to SBR, VA/DOCAs, and Part X proposals (with some recent case studies).
• Where we see ATO debt collection going in 2024.
• Strategies for the small and medium businesses to stay in the ATO’s good books.