• Victorian loan broker jailed for 6 years and 6 months for $1.3m fraud

    4 September 2013

    Media article 2013/22

    A 37 year-old loan broker and company director, Matthias Sedlbauer, was today sentenced to 6 years and 6 months jail (with a minimum of 4 years to serve) for tax fraud.

    Mr Sedlbauer pleaded guilty to 121 charges involving fraudulent use of client information to claim over $1.3 million in false energy grant and fuel tax credits.

    The County Court of Victoria also ordered Mr Sedlbauer to repay $1,072, 821.51.

    As a loan broker, Mr Sedlbauer was in a position of trust where clients supplied him with proof of identification for what they thought were legitimate purposes. He subsequently used these details to commit fraud against the Commonwealth.

    “People need to be aware that the courts take white collar crime seriously, as evidenced by the severity of sentencing in this matter,” said Deputy Commissioner Greg Williams.

    The ATO continues to improve automated detection methods and works closely with partners in government, law enforcement and industry to identify people avoiding their obligations and cheating the tax system.

    “Our increasingly sophisticated information matching capabilities enable us to catch those cheating the system and protect the overall integrity of the tax system,” said Mr Williams.

    “The Tax Office is committed to protecting the community from tax crime including false fuel tax credit claims. Where necessary, the ATO will use the full force of the law to deal with those who intentionally abuse Australia’s tax and super systems.”

    Further information

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    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    The energy grant credit, and later on, the fuel tax credit schemes provide taxpayers with a credit for the fuel tax (excise or customs duty) included in the price of fuel for use in eligible business activities. More information on these schemes can be found on our website.

    Further information on the ATO’s strategies for combating tax crime is outlined in Compliance in Focus 2013-14.

    Last modified: 04 Sep 2013QC 37053