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Tax avoidance

This Month

Private groups and their advisers are on notice about two new tax schemes.

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.

  • Mark Molesworth
New Perpetual Bern Reilly (right) was not supposed to inherit a mess. But he has.

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.

  • Anthony Macdonald
George Alex was convicted of tax fraud and money laundering.

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.

  • David Marin-Guzman
Labor has curtailed plans to make public a database of beneficial owners.

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.

  • Ronald Mizen
Damon Hanlin, MD of Titan Group, and Domus House 30 Derriwong Road Dural.

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.

  • David Marin-Guzman
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November

Chris Ellison, Mineral Resources managing director.

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”.

  • Neil Chenoweth
The government has been warned the plan will further punish potential homebuyers.

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.

  • Tom McIlroy
Yenna Ong has resigned from MinRes after being confronted by directors over her personal work for the company’s founder Chris Ellison (right).

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.

  • Neil Chenoweth
Mineral Resources founder Chris Ellison.

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.

  • Updated
  • Peter Ker

October

 Luxury items seized will be auctioned to recoup funds.

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.

  • David Marin-Guzman
MinRes founder Chris Ellison.

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.

  • Elouise Fowler and Hannah Wootton
Mineral Resources chief executive Chris Ellison.

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.

  • Neil Chenoweth
AustralianSuper has sold down its exposure to Mineral Resources following allegations of tax evasion by Chris Ellison.

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.

  • Hannah Wootton
Chris Ellison and Tim Roberts were both on the Mineral Resources board when they purchased a big property in New Zealand together.

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.

  • Mark Di Stefano and Neil Chenoweth
Mineral Resources chief executive Chris Ellison.

ASIC confirms probe into MinRes’ decade-long ‘tax dodge’

The regulator is taking a closer look at Mineral Resources after allegations chief executive Chris Ellison ran a scheme through the British Virgin Islands.

  • Elouise Fowler and James Eyers
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Former Virtical director and twice bankrupt John Palasty.

Virtical pub group’s alleged tax scam bill could top $50m

Leaked ATO audits reveal what could be one of the most brazen alleged tax scams in corporate history.

  • David Marin-Guzman and Max Mason

MinRes scandal an acute credibility test for Justin Langer

The Chris Ellison-led miner has collected some big names – from the former cricketer to strategic adviser Julie Bishop. Are they merely celebrity figurines?

  • Peter Ker
Mineral Resources CEO Chris Ellison described a 10-year tax scheme as “a poor decision and a serious lapse of judgement”.

When did the MinRes board learn of Chris Ellison’s offshore scandal?

Directors of the major mining group should answer two core questions: when did they find out about it, and why didn’t they tell shareholders?

  • Neil Chenoweth
Mineral Resources boss Chris Ellison is in a hole of his own making.

ASIC eyes Mineral Resources as Ellison circles the wagons

The regulator is now taking an active interest in the crisis engulfing the miner. But major investors have been reassured by the company’s explanations.

  • James Thomson
Peter Wade and Chris Ellison.

MinRes scheme enriched execs, allegedly at investors’ expense

Peter Wade failed to disclose his interest in Chris Ellison’s tax evasion scheme, which cost shareholders more than $7 million.

  • Neil Chenoweth

Original URL: https://www.afr.com/topic/tax-avoidance-62x