ATO Officeholder Data-matching
The ATO will acquire officeholder data from various sources, including ASIC, the Office of the Registrar of Indigenous Corporations, the Australian Charities and Not-for-profits Commission, and the Australian Business Registry Service.
The data collection will span from the 2024 to 2027 income years and will include:
- name, address, date of birth,
- ABN, email address, contact phone number
- business name, organisation class, organisation type, organisation status
- state of incorporation
- officeholder type, role type, and officeholder role start and end dates.
It is estimated that records relating to more than 11 million individuals will be obtained.
ATO Property Management Data-matching
The ATO will also acquire property management data from property management software companies for the 2019 to 2026 income years. Key data items include:
- property owner identification details (names, addresses, phone numbers, dates of birth, email addresses, business name and ABNs, if applicable);
- property details (property address, date property first available for rent, property manager name and contact details, property manager ABN, property manager licence number, property owner or landlord bank details); and
- property transaction details (period start and end dates, transaction type, description and amounts, ingoings and outgoings, and account balances).
It is estimated that records relating to approximately 2.3 million individuals will be obtained each financial year.
ATO Lifestyle assets Data-matching
The ATO will acquire lifestyle assets data from insurance providers for the 2024 to 2026 income years.
Insurance policy data will be collected for the following classes of assets, where the asset value is equal to or exceeds the nominated thresholds.
| Asset class | Minimum asset value threshold |
| Caravans and motorhomes | $65,000 |
| Motor vehicles, including cars, trucks, motorcycles | $65,000 |
| Thoroughbred horses | $65,000 |
| Fine art | $100,000 per item |
| Marine vessels | $100,000 |
| Aircraft | $150,000 |
The data items include:
- client identification details (names, addresses, phone numbers, dates of birth, Australian business number, email address).
- policy details (insurance brand name, policy number, policy inception date, start date and end date of current policy, last date policy was updated, total value insured, purchase price of the property insured, registration or identification number of the property, vehicle details (year, make, model), finance, policy cost, description of the property insured, primary use type.
It is estimated that approximately 650,000 to 800,000 policy records will be obtained each financial year, and that approximately 250,000 to 350,000 matched records will relate to individuals.
At W Wen & Co Chartered Accountants, we are here to assist you in resolving your accounting and tax challenges with ease. If you have any questions or need assistance, feel free to contact us at 02 9871 3429.
Ref: Government Notices Gazette, C2024G00495, C2024G00490, C2024G00493, 26
August 2024