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BLACK ECONOMY TASKFORCE CONSULTATION PAPER PUBLISHED

Saturday, 23 September 2017

The Government’s Black Economy Taskforce has published a paper listing dozens of possible policy changes designed to crack down on the ‘black economy’ including measures to reduce identity theft, abuse of ABNs and industry-specific illegal behaviour.

Revenue and Financial Services Minister, Kelly O’Dwyer, said that the chair of the Taskforce, Michael Andrew, former global head of accounting at KPMG, has led a national roadshow with industry roundtables and public forums in all state capitals and some regional centres.

“The 54 ideas outlined in the Taskforce’s paper are not recommendations, but intended for public comment and reaction. The feedback the Taskforce receives on them will help it formulate the final report.

She said "I look forward to receiving the final report and recommendations in October.

 

Further information

Ministerial media release: Black Economy Taskforce: Consultation Paper

Treasury: Black Economy Taskforce Consultation Paper

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