The ATO has provided details about support offered to victims of the Australian bushfires which have devastated so many communities. It is nice to see them try and support people impacted to reduce any distraction or worry related to their taxation requirements in these tough times.
The ATO have said that they will look to support and help in some of the following ways:
For full details of the support available, you should check out the ATO post at the following web address: https://www.ato.gov.au/Individuals/Dealing-with-disasters/In-detail/Specific-disasters/Bushfires-2019-20/
The ATO have noted “For identified impacted postcodes, we’ll automatically grant deferrals for lodgments and payments due. You or your agent don’t need to apply for these deferrals.” To see if you are automatically included by way of your residential address a list of impacted postcodes by state are available below:
If you have been impacted and your postcode is not on the list then you can contact the ATO Emergency Support Infoline on 1800 806 218.
Should you need any assistance then please contact the Pekada team and we will be happy to assist. Stay safe.
Pete is the co-founder and oversees the investment committee for Pekada. He is a qualified financial planner with 17 years of experience. Based in Melbourne, Pete is on a mission to help everyday Australians achieve financial independence and the lifestyle they dream of. Pete has been featured in Australian Financial Review, Money Magazine, Super Guide, Domain, American Express and Nest Egg.