White-collar crime goes unpoliced due to lack of funds: ASIC boss
Corporate watchdog chairman Joe Longo says he would love to run more court cases against badly behaving companies and dodgy directors, but his hands are tied because he does not have enough money.
Mr Longo on Tuesday was asked why the public lacked confidence in the Australian Securities and Investments Commission’s efforts to police the business world.
ATO told scam victim he owed $46k tax refund sent to fraudster
Tax Office officials demanded that the victim of a scam repay a $46,000 tax refund that it sent to a fraudster who stole his identity, insisting the taxpayer was responsible for the dodgy refund.
The man – identified only as “Mr B” in a new independent report – went to an accountant to lodge tax returns for financial years 2019, 2020 and 2021, only to find fake data had already been submitted in his name, including $80,000 in fake income and $37,000 in withholding credits.
