Australia adds contact element

On 15 May 2019, the Australian Taxation Office (“ATO”) issued an update to the Common Reporting Standard (“CRS”) reporting process by clarifying the contact element for the message header (MessageSpec) (Link).

As previously reported, if a user is unable to submit the CRS report by 31 July, it is possible to request an extension of time through the ATO Business and Tax Agent Portals (Link-Blog).
In addition to already communicated elements, a name and contact phone number or email address should be included in the contact element contained in the message header.

The message should also include:

  • the ABN, TFN or GIIN of the RFI
  • the name of the RFI
  • your name and daytime telephone number
  • the reasons for the request to extend time to lodge
  • the date by which you will be able to submit the CRS report

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