Don’t Take the Risk – Tax Fraud and Super Offences get Prosecuted


Don’t Take the Risk – Tax Fraud and Super Offences get Prosecuted

Don’t Take the Risk – Tax Fraud and Super Offences get Prosecuted

Almost 500 people were convicted for Tax Fraud and Superannuation Criminal Offences in the September quarter, resulting in $1.56 million in fines and penalties, according to the Australian Taxation Office (ATO). Project Wickenby resulted in two prosecutions, and there were 13 prosecutions in total for serious tax and superannuation-related criminal offences. There were a further 452 taxpayers convicted for deliberately evading tax and super obligations, of whom 440 failed to lodge tax returns and activity statements despite repeated notices, according to the ATO, reports Chris Kennedy, Money Management READ MORE

“The ATO pursues tax cheats to the full extent of the law to ensure people who pay their fair share of tax are not disadvantaged,” Tax Commissioner Michael D’Ascenzo said.

“The courts view these matters seriously with seven custodial sentences handed down this quarter, as well as a suspended jail sentence, good behaviour bonds and community service orders.”

“A record jail term of nine years was handed to Vanuatu based accountant Robert Agius for his role in promoting a tax minimisation scheme. He was the twenty-eighth person to be sentenced under Project Wickenby.”

“We don’t just prosecute complicated fraud schemes – this past quarter saw a range of offences including not lodging tax forms and making false and misleading statements.” Mr D’Ascenzo said.



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Self-Managed Superannuation Service Providers in Australia. SuperBenefit provides a wholistic SMSF assistance, education and administration service continuum - 1. “assistance” is help of whatsoever nature where our overall SMSF experience and knowledge enables us to provide assistance/help without any legal (or “license”) limitations. 2. “education” involves providing knowledge through teaching, coaching and mentoring about all matters SMSF, including (but not limited to) investment issues such as equities and property, 3. “administration” encompasses all admin aspects of legally required SMSF trustee and member record keeping including (but not limited to) audit and ATO matters. In keeping with our key point that SuperBenefit does not provide Financial Advice, where issues arise from 1, 2, and/or 3 above Indicate a need for a legally authorized provider (such as a Financial Adviser) and the client does not have their own service provider, the client can utilize SuperBenefit’s ‘Connect Assist’ … SuperBenefit, in itself, does not provide Financial Advice, but it does provide the wherewithal for great SMSF service. WE do not provide Financial Advice or any other service that requires a legally authorized provider. However, where such advice or service is required we have our ‘Connect Assist’, a SuperBenefit resource we use to connect clients to a Licensed Advisor or other legally authorised service provider. Call us 0407 361 596, no obligation FREE Connection call to see how we can help you!
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