The Multinational Tax Avoidance bill which passed through the Senate this week contains a ticking time bomb for many large Australian family businesses. Under the legislation, privately owned businesses with taxable incomes which exceed $100 million will have their information published by the ATO, a situation which could lead to sensitive commercial information being publicly available, potentially damaging the value of those businesses. Some are even expressing the fear that having this information publicly available could threaten the personal safety of the family business owners, as criminals could target them for extortion or kidnapping. Those businesses affected would do well to closely examine how they can obtain an exemption from having to comply with these rules.