Compliance program 2011-12

Refund integrity

Using third-party data and data-modelling techniques we continue to monitor GST refunds in the small-to-medium segment. We do this by undertaking pre- and post-issue verification checks to ensure the correct amounts are claimed, while seeking to minimise the impact on the cash flow of businesses.

We have received additional funding from government to increase our focus on preventing refund fraud sham business operations and identity fraud. The more blatant fraudulent claims will be referred for prosecution.

This year we expect to undertake over 12,000 audits and reviews of small-to-medium enterprises to ensure refund claims are correct.

Sections within Small-to-medium enterprises

• Private groups
• Highly wealthy individuals
• Wealthy Australians
• $100 million - $250 million segment
• Employer obligations
• Lodgment compliance
• Trusts
• Phoenix arrangements
• Overseas interests and international dealings
• Division 7A
• Capital gains tax
• Foreign residents
• Capital and revenue losses
• Restructuring by professional firms
• Fringe benefits tax
• Taxation of financial arrangements (TOFA)
• Small business and general business tax break
• Goods and services tax (GST)
• Refund integrity
• Property
• Retirement villages
• Integrity of business systems
• Financial supplies
• International and cross-border transactions
• GST serious evasion
• Excise
• Excise equivalent goods
• Tax reporting of exports including excisable goods
• Wine equalisation tax
• Alternative fuels
• Superannuation
• Managing business tax debt