Compliance Activity Results

The following is an overview of revenue detected through the SRO's compliance activities.

2015-16

Revenue detected: $7.4 million

Penalties applied: $790 000

Interest charged: $371 000

Refunds: $109 000

Increased revenue for current financial year: $1.3 million

Revenue confirmed as correctly reported by the compliance teams: $18.2 million

Issues identified and focus areas

Revenue was detected in 2015-16 from incorrectly classified properties for land tax, undeclared wages and non registered organisations for payroll tax.

2014-15

Revenue detected: $3.8 million

Penalties applied: $300 000

Interest charged: $170 000

Refunds: $71 000

Increased revenue for current financial year: $2.4 million

Revenue confirmed as correctly reported by the compliance teams: $10.6 million

Issues identified and focus areas

During 2014-15, there was a focus on land tax property classifications and large payroll tax registered organisations.

2013-14

Revenue detected: $5.4 million

Penalties applied: $358 000

Interest charged: $250 000

Refunds: $163 000

Increased revenue for current financial year: $1.7 million

Revenue confirmed as correctly reported by the compliance teams: $80.6 million

Issues identified and focus areas

Revenue was detected in 2013-14 from incorrectly classified properties for land tax and undeclared wages and company grouping for payroll tax.

2012-13

Revenue detected: $3.8 million

Penalties applied: $377 000

Interest charged: $117 000

Refunds: $950 000

Increased revenue for current financial year: $1.3 million

Revenue confirmed as correctly reported by the compliance teams: $46.1 million

Issues identified and focus areas

Revenue was detected in 2012-13 from incorrectly classified properties for land tax and undeclared wages for payroll tax.

2011-12

Revenue detected: $6.1 million

Penalties applied: $435 000

Interest charged: $222 000

Refunds: $146 000

Increased revenue for current financial year: $2.2 million

Revenue confirmed as correctly reported by the compliance teams: $50.9 million

Issues identified and focus areas

During 2011-12, there was a focus on land rich duty transactions, property classifications and payroll tax contractor payments.

2010-11

Revenue detected: $8.7 million

Penalties applied: $305 000

Interest charged: $434 000

Refunds: $1.1 million

Increased revenue for current financial year: $2.9 million

Revenue confirmed as correctly reported by the compliance teams: $97.5 million

Issues identified and focus areas

Revenue was detected in 2010-11 from incorrectly classified properties for land tax and unregistered companies that should have been registered for payroll tax. In addition, 100 per cent of First Home Owner Grant applications were checked for compliance with the eligibility criteria.

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