Compliance Activity Results

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

2016-17

Revenue detected: $9.6 million

Penalties applied: $1 115 000

Interest charged: $392 000

Refunds: $107 000

Increased revenue for current financial year: $1.7 million

Revenue confirmed as correctly reported by the compliance teams: $25.0 million

Issues identified and focus areas

During 2016-17, there was a focus on incorrectly classified properties for land tax, undeclared wages, non-registered organisations and company grouping for payroll tax.

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.

 

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