The ATO on Wed 3.4.2013, announced a data-matching program targeting online sellers. It will collect the personal information as well as the number and value of monthly sales, internet protocol addresses, and bank account details of sellers who have made sales of $20,000 or greater in the 2010-11 income year through various online selling websites. According to the ATO, records relating to approximately 11,000 individuals will be matched to identify non-compliance with lodgment, payment and correct reporting obligations under taxation law, including undeclared income and GST obligations.
Notified in Commonwealth Gazette No GN 13, 3 April 2013 [pp 876]
[LTN 57, 25/3/13]