When you become bankrupt, you have some obligations when it comes to your tax returns – just as you did prior to bankruptcy.
You must inform your trustee when you receive a tax return. If your trustee is the Official Trustee, you can use the below online form to let us know if you have received an ATO Notice of Assessment.
It depends on your circumstances. You must inform your trustee when you receive your tax refund. You also need to provide a copy of your ATO Notice of Assessment. It’s important to not spend your tax refund until your trustee makes an assessment and informs you if they have a claim in the refund.
Your trustee calculates the following and notifies you of the outcome:
You still need to lodge your tax returns as your obligations to the ATO remain during bankruptcy.
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