Search results

Update Just reading an update on a budget proposal. The Libs are progressing it... Basically the Govt wants to create some standardised "reporting regimes" so that standard data is automatically fed and captured by Govt. Obvious users would be ATO, Centrelink and the states (ie stamp duty...

Terry - spot on. I recall approx 2 years ago the ATO had gathered a mass of data on EFTPOS "sales" data from Visa, Mastercard etc. It was applied to benchmarks for certain industries and specific taxpayers. Problem was someone in ATO gave it to the junior. The raw data included cashouts from the...

Seems many posts are missing the point that ATO staff in some areas regularly monitor all forms of information and gather intelligence...They do it as part of their exclusive role to be in advance of the promoters etc. Its not a exercise in intrusion unless it follows that course. Kinda like...

This forum and its various groups can be an invaluable place for novice and experts to mix, share ideas and ask questions. A recent speech by a Senior ATO Officer involved in the SMSF space has indicated what I have always known. Yes, The ATO is watching. I know Asst Cmmrs and others who tell...