AIST Risk Symposium Regulators Roundup - ATO Presenter: Larissa - PowerPoint PPT Presentation

AIST Risk Symposium Regulator’s Roundup - ATO Presenter: Larissa Evans Assistant Commissioner, Fund Services and Engagement Superannuation and Employer Obligations, ATO UNCLASSIFIED - external

Outline Application process Walk-though individual experience Improvements for tranche 2 ATO communication to applicant Fund notification and fund support process Data files – standard and additional information Advice and guidance Direct support Intel, insights and information Integrity and assurance program UNCLASSIFIED - external

Application - introduction UNCLASSIFIED - external

Application – eligibility UNCLASSIFIED - external

Application – eligibility checklist ULASSIFIED - external

Application – eligibility permanent resident UNCLASSIFIED - external

Application - super entity/account and amount UNCLASSIFIED - external

Application - bank account details UNCLASSIFIED - external

Application – summary screen UNCLASSIFIED - external

Application - declaration UNCLASSIFIED - external

Application - confirmation screen UNCLASSIFIED - external

ATO comms to individual UNCLASSIFIED - external

Fund notification Standard files Details of all approved applications Additional information files Details of particular determinations in the standard files we recommend funds strengthen verification processes for UNCLASSIFIED - external

Fund support Design and implementation information Super CRT alerts Direct engagement and contact FundCCRS@ato.gov.au – administrative issues or general questions earlyreleaseofsuperintegrity@ato.gov.au – fraud or integrity concerns UNCLASSIFIED - external

Intel, insights and information • Fund intel/insights – specific cases and information sharing • ATO tipoff line – 1800 060 062 • AUSTRAC – Suspicious Matter Reports (SMRs) • Scamwatch • ATO held data and risk indicators/models UNCLASSIFIED - external

Integrity and assurance program Behaviours that attract the ATO’s attention: applying when there is no change to regular salary, wage, or employment artificially arranging your affairs to meet the eligibility criteria making false statements or fraudulent attempts to meet the eligibility criteria withdrawing and re-contributing super for a tax advantage Serious Financial Crime Taskforce UNCLASSIFIED - external

Links and resources Design and implementation https://www.ato.gov.au/Super/APRA-regulated-funds/Services-and-support/Consultation,-webinars-and- information - funds engagement/Superannuation-COVID-19-stimulus---design-and-implementation/ Super CRT alerts - funds https://www.ato.gov.au/Super/APRA-regulated-funds/In-detail/News/CRT-Alerts/See-current-CRT-Alerts/ Early release of super – https://www.ato.gov.au/Individuals/Super/In-detail/Withdrawing-and-using-your-super/COVID-19-early-release- individuals of-super/ Compliance – stimulus https://www.ato.gov.au/General/COVID-19/COVID-19-compliance-measures/ measures Media release https://www.ato.gov.au/Media-centre/Media-releases/ATO-zeroes-in-on-COVID-19-fraud/ ATO tip off www.ato.gov.au/tipoff - or call 1800 060 062 ATO scam page www.ato.gov.au/scams Scamwatch https://www.scamwatch.gov.au/ Serious Financial Crime https://www.ato.gov.au/General/The-fight-against-tax-crime/Our-focus/Serious-Financial-Crime-Taskforce/ Taskforce UNCLASSIFIED - external