This Month
Chase has stalled in suspected $180m corporate fraud case
A liquidator has not been able to secure ATO funding to aid an investigation into a suspected tax fraud in the construction industry.
Banned Sydney tax agent back in business on the Gold Coast
Controversial accountant Filomena Kyriacou has emerged at the helm of a Gold Coast accounting firm.
Meet the accountant linked to Sydney’s most infamous tax scammers
Filomena Kyriacou led an accounting firm that advised clients who avoided millions in tax, dealt with organised crime figures and was linked to some of the most infamous tax scammers in the country.
January
ATO to crack down on Baby Boomer wealth transfer ‘risks’
The Australian Taxation Office says it will zero in on Baby Boomers restructuring private companies to pass billions onto their heirs.
UBS set to settle Credit Suisse US tax case, WSJ reports
A settlement in the hundreds of millions of dollars related to a decade-old tax evasion case could come as soon as this week, The Wall Street Journal reported.
Government floats loosening ATO secrecy on money-laundering, takeovers
The proposals are the latest in the government’s ongoing response to the PwC tax leaks scandal.
December 2024
ATO warnings will send shivers down the spines of private companies
The ATO has released its first two taxpayer alerts for the 2024 calendar year. Each a warning to private groups.
PwC client Perpetual now the ATO’s crash test dummy
It would be funny if it weren’t for Perpetual’s succession of own goals that have already turned it into an Australian funds management laughing stock.
Construction boss jailed over ‘rape and pillage’ fraud
Organised crime figure George Alex also had help in claiming millions of dollars of debts from an unnamed CFMEU official, a NSW Supreme Court judge said.
Secret shareholder register overhauled amid privacy fears
A plan to expose the secret beneficial owners of three million unlisted companies and trusts has been overhauled due to fears of identity theft and cybercrime.
The football club boss, drug-dealing director and $100m scam
A liquidator claims crane company boss Damon Hanlin may have controlled a tax fraud scheme that involved shadow directors and dishonest dealings.
November 2024
Inside Chris Ellison’s brutal executive meetings
A whistleblower claims the Mineral Resources founder ordered a female lawyer to stand in front of a meeting and say, “I am a f--ing idiot”. He told another she “just needs a good f--k”.
Why buying and selling a home is about to cost $1200 more
Amid Australia’s growing housing crisis, a new crackdown on money laundering is expected to add significant extra costs to property transactions.
Meet Chris Ellison’s personal accountant
Yenna Ong, the number cruncher who managed the Mineral Resources founder’s private affairs, rapidly gained great power. Then just as suddenly, she was gone.
Future Fund questions MinRes’ handling of Ellison claims
The comments from the sovereign wealth fund came after influential proxy advisers said directors needed to be more accountable for the governance failure.
October 2024
Tax fraudsters’ loot of jewels, watches up for sale to reclaim cash
Diamond rings and bracelets, luxury watches and designer handbags have been revealed as part of the extravagant spend behind one of the country’s biggest tax frauds.
MinRes expands probe into alleged tax dodge to address ‘inconsistencies’
The West Australian mining company will on November 4 report on its inquiry into allegations that its billionaire founder Chris Ellison ran a tax evasion racket.
How Chris Ellison’s secrets came to light
Allegations of serial tax evasion have raised questions about how the miner Mineral Resources is being run.
AustralianSuper sells down MinRes stake as board reels from scandal
The sale, disclosed after the market closed on Friday, takes the $340 billion industry fund below the substantial shareholder level.
MinRes sold Chris Ellison farm equipment at steep discount
The company’s managing director and another director, Tim Roberts, bought the machinery for their New Zealand property at a bargain price, documents show.