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The ATO approach to compliance in the cash economy

Published on 10 Mar 2009 | Took place at Education Development Centre, Hindmarsh , SA

This event, part of the Bi-Monthly series, covered a tax update as well as the ATO's approach to compliance in the cash economy. Since 2007 the ATO response to the cash economy has moved away from ‘industry based’ to a focus on behaviours. The current approach focuses on omitted cash income and recognises:

  • drivers of cash economy risk are not industry specific
  • the risk population is not uniform - a range of strategies are required to achieve an optimal level of compliance
  • that influencing the perceptions and behaviours of both cash economy participants and the broader community is important.

Individual sessions

Small business and cash economy: Our approach in a changing environment

Author(s):  Rod ETTRIDGE

This presentation covered the following topics:

  • ATO cash economy compliance strategy
  • detection and auditing on omitted income
  • trade benchmarks based on inputs.
Materials from this session:

March Tax Update

Author(s):  Edward LO

This presentation covers recent tax changes. Topics covered include:

  • tax topics
  • stimulus package
  • income tax & CGT
  • GST
  • superannuation
  • stamp duty
  • miscellaneous updates.
Materials from this session: