• Compliance liabilities and collections

    We completed over 6.2 million compliance activities this year, raising $12.2 billion in total liabilities and collecting $7.9 billion, some of which related to liabilities raised in prior years. This compared to total liabilities of $11.4 billion raised and collections of almost $6.5 billion in 2011–12.

    Figure 2.3 Compliance liabilities and collections, 2008–09 to 2012–13

    Compliance liabilities and collections, 2008–09 to 2012–13

    View table of Figure 2.3

    Figure 2.3: Compliance liabilities and collections. 2008–09 to 2012–13
      Liabilities   Estimated cash collections
      2008–09 2009–10 2010–11 2011–12 2012–13   2008–09 2009–10 2010–11 2011–12 2012–13
      $m $m $m $m $m   $m $m $m $m $m
    Income tax 5,666 6,297 6,950 8,207 9,066   3,522 3,068 3,812 4,278 5,601
    GST 2,306 2,434 2,727 2,683 2,558   1,658 2,019 1,959 1,987 2,033
    Superannuation 277 416 467 464 538   162 127 224 233 276
    Excise 59 55 124 16 13   22 21 43 -17 -7
    TOTAL 8,308 9,202 10,268 11,369 12,176   5,363 5,234 6,037 6,481 7,903
    NOTES
    Collections are a combination of actual collections and estimates of collections based on sampling.
    Collections also include collections on tax, penalties and interest raised in prior years.
    Liabilities are the net value of debit and credit amendments from active compliance intervention on returns, statements and claims. The impact is a combination of tax, penalties and interest and transfer payments and covers excise, goods and services tax,
    Results also include our activities to prevent incorrect refunds or payments being issued.
    Over this period, liabilities have been higher than cash collections as a proportion of liabilities raised. This is because large audit results in dispute take time to resolve through court processes.
    Cash collections include cash paid on disputed amended assessments raised.

    Table 2.11 Penalties and interest, 2011–12 to 2012–13
        2011–12
    $m
    2012–13
    $m
    Change
    %

    Penalties

    Applicable

    1,729

    2,020

    16.8

     

    Remitted

    391

    539

    37.9

     

    Collected

    564

    582

    3.2

    Interest

    Applicable

    4,782

    4,236

    –11.4

     

    Remitted

    1,643

    1,545

    –6.0

     

    Collected

    2,402

    2,717

    13.1

      Last modified: 16 Oct 2014QC 42700