16 Oct 07 Coalition to enhance ATO capabilitiesIn a press release issued on 15 October 2007, the Treasurer, Peter Costello, said that, if re-elected, the Government will provide an additional $446 million to the ATO over a 4 year period, starting from 1 July 2008.
The additional resources will enable the ATO to provide taxpayers with better and more targeted help and education products to assist with more accurate self assessment; allow a greater focus on prevention of non-compliance by early detection and advice on taxpayer obligations; improve intelligence and early risk detection (including through data mining and strategic risk research); and allow for increased and more targeted enforcement activity. These activities are a part of the ATO Compliance Programme. The Commissioner has advised that as a result of this measure revenue collections are expected to increase by $3.7 billion over four years.
For a copy of the Treasurer's press release, No 2007/107, 15 October 2007, go here