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

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Jan 02, 2024 119 likes •312 views

AIST Risk Symposium Regulators Roundup - ATO Presenter: Larissa Evans Assistant Commissioner, Fund Services and Engagement Superannuation and Employer Obligations, ATO UNCLASSIFIED - external Outline Application process Walk-though

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AIST Risk Symposium Regulator’s Roundup - ATO

Presenter: Larissa Evans Assistant Commissioner, Fund Services and Engagement Superannuation and Employer Obligations, ATO

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Outline

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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

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Application - introduction

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Application – eligibility

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Application – eligibility checklist

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Application – eligibility permanent resident

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Application - super entity/account and amount

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Application - bank account details

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Application – summary screen

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Application - declaration

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Application - confirmation screen

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ATO comms to individual

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Fund notification

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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

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Fund support

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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

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Intel, insights and information

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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

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Integrity and assurance program

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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

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Links and resources

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Design and implementation information - funds https://www.ato.gov.au/Super/APRA-regulated-funds/Services-and-support/Consultation,-webinars-and- 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 – individuals https://www.ato.gov.au/Individuals/Super/In-detail/Withdrawing-and-using-your-super/COVID-19-early-release-

f-super/

Compliance – stimulus measures https://www.ato.gov.au/General/COVID-19/COVID-19-compliance-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 Taskforce https://www.ato.gov.au/General/The-fight-against-tax-crime/Our-focus/Serious-Financial-Crime-Taskforce/