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11: Related Party Disclosures
Related party relationships
The ATO is an Australian Government controlled entity. Related parties to the ATO are key management personnel including the ATO Executive, Cabinet Ministers, and other Australian Government entities.
Transactions with related parties
Given the breadth of government activities, related parties may transact with the government sector in the same capacity as ordinary citizens. Such transactions include the payment or refund of taxes, receipt of a Medicare rebate or higher education loans. These transactions have not been separately disclosed in this note.
Significant transactions with related parties can include:
- the payments of grants or loans;
- purchases of goods and services incurred on non-market terms and/or not part of normal business operations;
- asset purchases, sales transfers or leases;
- debts forgiven; and
No related party transactions require disclosure in 2019.