Fraud crackdown to focus on visa holders
ONE million visa holders will have their records crosschecked by the tax office in a bid to crack down on fraud and dodgy training companies.
The Australian Taxation Office has been given the green light to check the names, addresses and other details of visa holders, their sponsors, and migration agents for four financial years from 2013-14.
The details will also include all international arrivals and departures undertaken by visa holders, as well as education providers’ records.
The ATO estimated it would obtain the records of at least 1 million individuals.
The records will be electronically matched with ATO data to “identify non-compliance with registration, lodgement, reporting and payment obligations under taxation laws”, the office said in a government gazette notice.
The ATO warned of an “elevated level of risk”, especially among visa holders lodging tax returns for the first time.
“Given the complexity, frequency, volatility and widespread effects of fraud ... it is considered prudent to continue to undertake this datamatching program to monitor compliance behaviour,” it said.
The financial records of over 10 million taxpayers will be scrutinised in coming months.