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Wednesday, 24 March 2004
Page: 27205


Mr Murphy asked the Treasurer, upon notice, on 2 December 2003:

(1) Further to the answer to question No. 1653 (Hansard, 8 September 2003, page 18973), for how many (a) barristers, (b) other legal practitioners, (c) directors and shareholders of bodies corporate known to be phoenix companies, and (d) other taxpayers has the Commissioner of Taxation used his powers under paragraph 260-5(b) of the Taxation Administration Act 1953 to obtain money held for or on account of a debtor by a third party.

(2) What proportion of all taxpayers are known by the Taxation Commissioner to be subject to the provision of paragraph 260-5(b).


Mr Costello (Treasurer) —The answer to the honourable member's question is as follows:

The Australian Taxation Office does not maintain records of the number or proportion of taxpayers who have been subject to the provision of paragraph 260-5(b) of the Taxation Administration Act 1953.