Bankruptcy Amendment (Enterprise Incentives) Bill 2017 – Reduction of Bankruptcy Period from 3 Years to 12 Months – Joint Submission

Tax secrecy laws are important for protecting people’s private financial information and keeping Australia’s tax system secure. However, the current rules under the Tax Administration Act 1953 (TAA 1953) are making life harder for grieving families trying to access a loved one’s superannuation. This submission outlines issues we see in tax and super systems.