• Project Wickenby has delivered

    The Project Wickenby cross-agency task force played a pivotal role in the Australian Government's fight against offshore tax evasion.

    The Project Wickenby task force was established in 2006 to protect the integrity of Australia's financial and regulatory systems. It prevented people from promoting or participating in the abusive use of secrecy jurisdictions. The task force led to over $2.2 billion in tax liabilities raised. It also increased tax collections from improved compliance behaviour following high profile investigations, prosecutions and sentencings.

    Project Wickenby finished on 30 June 2015 when the Serious Financial Crime Taskforce began operating.

    Project Wickenby results

    Compliance activity

    Tax liabilities raised

    $2.297 billion

    Audits (including reviews) completed

    4,575

    Prosecutions

    People charged

    76

    Convictions

    46

    Money recouped

    Cash collections

    $49.95 million

    Cash collections from people in years subsequent to Project Wickenby action

    $372.60 million

    Other money recouped

    $5.56 million

    Total

    $1.028 billion

    See also:

    Last modified: 25 Jul 2017QC 41321