Budget pledges more investment into tax avoidance taskforce
The Federal Government has decided to extend the funding for the Australian Taxation Office Tax Avoidance Taskforce.
The Federal Government has decided to extend the funding for the Australian Taxation Office Tax Avoidance Taskforce.
Budget documents reveal the government will revise the cap on its yet-to-be-legislated Regional Broadband Scheme subsidy for the NBN.
The Australian Taxation Office (ATO) is gearing up to migrate to a new data centre, with the federal budgeting earmarking $70 million over two years from 2018-19 for preparatory work.
The government says it will fund efforts by the Australian Bureau of Statistics (ABS) to avoid a repetition of the 2016 Census debacle, which involved a high-profile failure of its online component.
The government says it will legislate increase the penalties that can be levied under the Privacy Act to 10 per cent of a company’s turnover, $10 million or three times the value of a benefit obtained through the misuse of information, whichever is greater, up from a current cap of $2.1 million for serious or repeated breaches.