Tax commissioner Chris Jordan has warned business to stop using unpaid tax and superannuation liabilities to prop up their cashflow, saying the organisation is not a bank and promising to crack down on unpaid debts.
Ahead of retiring from the role in February next year, Mr Jordan told the Institute of Public Accountants national congress in Sydney the ATO is resetting its focus on unpaid debts and late payments, including targeting small business.
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Tom McIlroy is the Financial Review’s Canberra bureau chief based in the press gallery at Parliament House. He was previously the AFR’s political correspondent. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com