This is the first year that businesses in the building and construction industry will be legally required to lodge reports on their payments to contractors. Smart Company reports that the ATO will be writing to businesses in the building and construction industry reminding them of this obligation.
Construction companies have been required to collect data since July 2012, but the first reports will be due on 21 July 2013. The ATO website provides further details.
Image compliments of adamr and freedigitalimages.net