• Data matching

    This year we received and data matched over 539 million transactions for purposes of both assistance and enforcement.

    In 2010-11 we received:

    • 238 million share ownership and disposal transactions
    • 97 million investment, employment and health transactions
    • 42 million Australian Electoral Commission transactions
    • 29 million superannuation transactions
    • 25 million property ownership and disposal transactions
    • 12 million Australian Transaction Reports and Analysis Centre transactions
    • 449,000 employee share schemes transactions
    • 93 million other transactions

    Data matching pie chart

    We use this data to:

    • provide pre-filling information to taxpayers and their agents to help them correctly complete their income tax return first time
    • identify discrepancies between information reported by taxpayers in their tax returns against details reported by third parties
    • identify particular non-compliant behaviour within selected target groups, or to conduct risk assessments
    • assist in administration of the relevant legislation with other government departments through data exchange
    • exchange with treaty partners.

    The types of data we focus on includes:

    • investment income including interest, dividends and unit trust distributions
    • employment and welfare income
    • foreign sourced income
    • capital gains tax, such as the disposal of property and shares
    • health insurance policies for Medicare surcharge levy purposes and private health insurance rebate claims
    • eligibility for tax offsets and the Medicare levy exemption
    • employee share schemes income.

    2010-11 results

    Revenue raised from matching activities included:

    • $690 million from ensuring employers met their obligations
    • $351 million from omitted investment, employment and benefits income and over claimed offsets
    • $129 million in capital gains tax from the disposal of shares and property
    • $118 million liabilities from employee share schemes
    • $18.8 million from partnerships and trusts.
      Last modified: 31 Oct 2011QC 28036