Recent ATO data-matching activity

Specialised Payment Systems

The ATO has announced that it will request and collect data relating to electronic payments made to businesses through specialised payment systems for the period from 1 July 2013 to 30 June 2014 from the following operators:

  • Ausfit Pty Ltd;
  • Australia and New Zealand Banking Group Limited (BPAY data);
  • Bill Buddy Pty Ltd;
  • Commonwealth Bank of Australia (BPAY data);
  • Debitsuccess Pty Ltd;
  • eDebit Pty Ltd;
  • Ezidebit Pty Ltd;
  • Ezypay Pty Ltd;
  • FFA Paysmart Pty Ltd;
  • Integrapay Pty Ltd;
  • IP Payments Pty Ltd;
  • National Australia Bank Limited (BPAY data);
  • Flexi Online Pty Ltd (T/A Paymate);
  • PayPal Australia Pty Ltd;
  • POLi Payments Pty Ltd;
  • Quickpay Pty Ltd;
  • St George Bank (BPAY data); and
  • Westpac Banking Corporation (BPAY data).

The ATO says the data will be matched with its other data holdings and other third party data holdings. The goal is to:

  • find those who may not be meeting their registration, reporting, lodgment and payment obligations
  • use the data to identify potential "cash only" businesses
  • identify liquidated or de-registered businesses that are continuing to trade
  • assist the ATO gain a better understanding about businesses

Share Registry Data-Matching

The ATO will acquire data from share registries for the period 20 September 1985 (date of Capital Gains Tax Introduction) to 30 June 2016 from the following sources:

  • Link Market Services Limited
  • Computershare Limited
  • Australian Securities Exchange Limited
  • Boardroom Pty Ltd
  • Advanced Share Registry Services Pty Ltd
  • Security Transfer Registrars Pty Ltd.

Note that the above will constitute the vast majority of listed share trades during that period.

The type of data collected includes:

  • full name
  • full address
  • holder identity number
  • shareholder registry number
  • entity name
  • entity ASX code
  • purchase date –from 20/09/1985
  • purchase price
  • sale date
  • sale price
  • quantities of shares acquired or disposed of
  • corporate actions affecting shareholders (e.g. corporate reconstructions)
  • broker identity
  • transaction codes
  • entity type
  • direction indicator (buy or sell).

It is estimated that more than 95 million records will be obtained, including the records for approximately 1.2 million individuals.

These records will be electronically matched with ATO data holdings. The ATO objectives are to:

  • Identify income tax returns that may not include accurate information relating to the disposal of shares and securities
  • Improve the taxpayer and tax agent understanding and awareness of their capital gains tax obligations
  • Identify taxpayers that have outstanding returns or not correctly registered for their taxation obligations
  • Develop intelligence and indicators to detect emerging trends and issues
  • Enhance voluntary compliance through initiatives such as pre-populating information into taxation returns

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