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  • ATO action to reduce the gap

    Regulation through licensing and permission regimes is a significant control over the fuel industry.

    Compliance with lodgment, payment and reporting is a key risk. Our relationship managers monitor these risks for the large market and liaise with excise payers to explain variations and co-ordinate compliance action where necessary.

    New entities entering the fuel market can increase the risk of error if existing control systems are inadequate. They can also pose a risk if they do not understand their obligations.

    Biannual indexation on all fuels (except aviation fuel) and changes in policy changes such as the reintroduction of excise on ethanol and biodiesel are unlikely to increase the risk of error significantly. Meanwhile, we have strategies in place to detect and monitor non-compliance in these areas.

    We focus our activities on early identification of compliance issues. Our compliance activities have not identified any new issues or areas for concern.

    Key activities include:

    • monitoring of available data to identify changes in behaviour or trends
    • assurance activity on key parts of the industry
    • relationship management support and engagement with large market clients and new entrants.

    The fuel market is dominated by a small number of clients. We support them with relationship managers who provide assistance and assurance for compliance obligations.

      Last modified: 10 Jan 2020QC 61079