Original article by Joanna Mather, Tom McIlroy, Michael Roddan
The Australian Financial Review – Page: 12 : 8-May-20
The federal government has advised that 1.2 million people have now applied to withdraw a total of $10.2bn from their superannuation fund via its early access scheme. Treasury had forecast that about $27bn in total will be withdrawn by people who have experienced financial hardship due to the pandemic. Meanwhile, the Australian Federal Police have executed five search warrants as part of an investigation into allegations that fraudsters are taking advantage of the scheme. Tax Commissioner Chris Jordan has told a Senate inquiry that about $120,000 has been stolen from super funds by fraudsters.
AUSTRALIAN TAXATION OFFICE, AUSTRALIAN FEDERAL POLICE, AUSTRALIA. DEPT OF THE TREASURY
Original article by Robert Gottliebsen
The Weekend Australian – Page: 31 : 21-Dec-19
The Administrative Appeals Tribunal’s landmark ruling in favour of the Australian Taxation Office against gold refiner EBS has significant implications for small and medium enterprises. The case – which centred on the tax treatment of bullion and scrap gold under the GST regime – had gone on for about six years, and the appeals process is likely to take another several years. The majority of SMEs simply cannot afford the cost of such lengthy legal proceedings. The small business appeals tribunal may provide some relief for SMEs, but government action is needed to make it easier for SMEs to conduct business in Australia.
AUSTRALIAN TAXATION OFFICE, AUSTRALIA. ADMINISTRATIVE APPEALS TRIBUNAL, EBS
Original article by Patrick Durkin
The Australian Financial Review – Page: 3 : 29-Nov-19
Facebook has responded to claims that it is not doing enough to address the issue of fraudulent advertisements on its platforms. Carolyn Everson, Facebook’s global head of marketing, says it has launched a "massive crackdown" on scam ads and may take legal action against those responsible for them. Mining magnate Andrew Forrest has called for digital platforms to be treated in the same way as traditional media companies. He is among the high-profile Australians whose photos have been used in scam ads published on digital platforms such as Facebook and Google.
FACEBOOK INCORPORATED, GOOGLE INCORPORATED, TWITTER INCORPORATED, SEVEN WEST MEDIA LIMITED – ASX SWM
Original article by Max Mason
The Australian Financial Review – Page: 7 : 28-Nov-19
Fortescue Metals Group founder Andrew Forrest argues that technology companies such as Facebook should be treated in the same way as traditional media companies with regard to advertising content that appears on their platforms. He contends that digital companies are not doing enough to address the issue of fraudulent ads, and they must be accountable for the ads that are published on their platforms. Forrest is among a number of high-profile Australians whose images have been used to promote scams on social media platforms.
Original article by David Marin-Guzman
The Australian Financial Review – Page: 5 : 29-Aug-19
Plutus Payroll’s former general manager Joshua Kitson will be eligible for parole in three years, after being jailed for his role in a $105m tax fraud. His 4.5-year sentence in the Supreme Court of New South Wales is the first to be handed down as a result of the massive fraud. Justice Anthony Payne ruled that although Kitson was not one of the main instigator’s of the fraud, he had played an integral role and described him as an "essential facilitator".
PLUTUS PAYROLL AUSTRALIA PTY LTD, SUPREME COURT OF NEW SOUTH WALES
Original article by Nick Evans
The Australian – Page: 23 : 5-Jul-19
The Australian Taxation Office has secured an important legal victory in its ongoing battle to withhold tax credits that were allegedly wrongfully claimed under a GST gold swindle. Deputy commissioner Jeremy Geale says the significance of its latest win in the Administrative Appeals Tribunal is that it was against a gold refiner, whereas the previous wins have been against gold dealers or scrap merchants. It is claimed that the swindle has cost federal Treasury over $1 billion.
AUSTRALIAN TAXATION OFFICE, AUSTRALIA. ADMINISTRATIVE APPEALS TRIBUNAL, AUSTRALIA. DEPT OF THE TREASURY
Original article by Janet Albrechtsen
The Australian – Page: 12 : 4-Apr-18
Factors such as the extent of "liar loans" revealed by the banking royal commission, the black economy, and rampant insurance fraud and theft from shops suggest that Australia is a nation of cheats. The forgone tax revenue from the $A25bn-a-year black economy, for example, is much greater than tax evasion by large companies. For many people in a nation founded by petty criminals, the real crime arising from cricket’s ball-tampering scandal may be not the plot itself but the fact that Smith, Warner and Bancroft did it live on international television.
AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY, UBS HOLDINGS PTY LTD, AUSTRALIAN TAXATION OFFICE, BUNNINGS GROUP LIMITED
Original article by Sam Buckingham-Jones
The Australian – Page: 4 : 14-Mar-18
Prosecutor David Moorhouse has told a Sydney court that it might take another 4-6 months to prepare the brief of evidence in a $A165m tax fraud case. Ten people have been charged with a range of offences, including the son and daughter of the Australian Taxation Office’s former deputy commissioner, Michael Cranston. Moorhouse also said the defendants may face additional or amended charges when the brief is completed. Magistrate David Price set a deadline of 13 July to file the completed brief.
AUSTRALIAN TAXATION OFFICE, AUSTRALIAN FEDERAL POLICE
Original article by Ben Butler
The Australian – Page: 21 : 1-Mar-18
The Australian Taxation Office estimated in February 2017 that goods and services tax fraud by gold traders had cost the federal government around $A700m in revenue. However, ATO deputy commissioner Timothy Dyce has told a Senate committee that the forgone revenue may now be almost $A1bn. He added that legislation enacted in April 2017 has closed the loophole which enabled gold traders to avoid GST liability.
AUSTRALIAN TAXATION OFFICE, AUSTRALIA. SENATE STANDING COMMITTEE ON ECONOMICS, NATIONAL PARTY OF AUSTRALIA
Original article by Andrew Burrell
The Australian – Page: 1 & 2 : 22-Feb-18
Former Western Australian major fraud squad detective David McAlpine headed a two-year investigation into an Australian Workers’ Union slush fund in the late 1990s. He says the WA Director of Public Prosecutions ordered him to cease the investigation shortly before he was slated to travel to Melbourne and executive a series of search warrants concerning the use of money from the slush fund. He also says former executives of Thiess may have misled the trade union royal commission regarding payments that the construction firm made to AWU officials for the slush fund.
AUSTRALIAN WORKERS’ UNION-FEDERATION OF INDUSTRIAL, MANUFACTURING AND ENGINEERING EMPLOYEES, AUSTRALIAN WORKERS’ UNION – WORKPLACE REFORM ASSOCIATION INCORPORATED, THIESS PTY LTD, AUSTRALIA. ROYAL COMMISSION INTO TRADE UNION GOVERNANCE AND CORRUPTION, WESTERN AUSTRALIA. DIRECTOR OF PUBLIC PROSECUTIONS, WESTERN AUSTRALIAN POLICE SERVICE, SLATER AND GORDON LIMITED – ASX SGH, MELBOURNE WATER CORPORATION