THE Australian Taxation Office (ATO) is reminding businesses who are required to lodge a taxable payments annual report (TPAR) to do so by  August 28.

ATO Assistant Commissioner Tony Goding said the taxable payment reporting system helps maintain a level playing field "by ensuring all businesses pay their fair share of tax".

"While most businesses do the right thing, not reporting payments to contractors and deliberately under reporting income makes it unfair for honest businesses,” Mr Goding said.

"It may also be seen as a red flag and could prompt closer scrutiny from the ATO."

Around $400 billion in payments made to almost 1.1 million contractors were reported in the taxable payment reporting system in the last financial year.

"The taxable payments reporting system is just one tool in the ATO’s toolbelt helping expose missing income and keeping things fair for businesses doing the right thing," Mr Goding said.

"We use a range of information in the TPAR to check for red flags, like not including income, not lodging tax returns or activity statements, overclaiming GST credits or mis-using Australian business numbers," Mr Goding said.

Businesses in the building and construction industry, as well as businesses that provide cleaning, courier and road freight, information technology and security, investigation or surveillance services and have paid contractors in relation to these services need to lodge a TPAR.

The ATO recently issued more than 16,000 penalties for businesses who didn’t lodge their TPARs for previous years, despite receiving multiple reminders. The average penalty for not lodging was about $1,110.

"It is getting harder for businesses to hide from the ATO, like using cash payments to avoid tax, as the TPAR data gives the ATO the extra puzzle pieces it needs to catch-out dodgy behaviour," Mr Goding said.

"We know there are some who deliberately don’t report or under-report their income, making it unfair for honest businesses.

"Dodgy businesses doing 'cashies' are being put on notice as the ATO continues to crack down on shadow economy behaviour."

Mr Goding said the shadow economy was estimated to cost the Australian economy $12.4 billion every year in unpaid taxes.

"If you are asking for cash and not declaring it to the ATO, you will receive a 'please explain’ from the ATO and you will be penalised. It’s not a matter of ‘if’, it’s a matter of when," Mr Goding said.

He gave as an axample how TPAR data recently enabled the ATO to investigate a cleaning company which chose not to be ‘squeaky clean’ in their tax return.

A sole trader providing cleaning services reported $6,892 of income from government allowances, but no business income or expenses. The data showed they received payments of more than $80,000 from three different companies. An audit confirmed no activity statements had been lodged and the payments were never reported. As a result, their tax return was adjusted for the omitted income, and penalties were applied.

"Every dollar of tax dodged is a dollar that can’t be used for vital services like health and aged care. The TPAR program helps to prevent billions of dollars being lost to the shadow economy," Mr Goding said.

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THE Australian Taxation Office (ATO) is reminding businesses who are required to lodge a taxable payments annual report (TPAR) to do so by  August 28.

ATO Assistant Commissioner Tony Goding said the taxable payment reporting system helps maintain a level playing field "by ensuring all businesses pay their fair share of tax".

"While most businesses do the right thing, not reporting payments to contractors and deliberately under reporting income makes it unfair for honest businesses,” Mr Goding said.

"It may also be seen as a red flag and could prompt closer scrutiny from the ATO."

Around $400 billion in payments made to almost 1.1 million contractors were reported in the taxable payment reporting system in the last financial year.

"The taxable payments reporting system is just one tool in the ATO’s toolbelt helping expose missing income and keeping things fair for businesses doing the right thing," Mr Goding said.

"We use a range of information in the TPAR to check for red flags, like not including income, not lodging tax returns or activity statements, overclaiming GST credits or mis-using Australian business numbers," Mr Goding said.

Businesses in the building and construction industry, as well as businesses that provide cleaning, courier and road freight, information technology and security, investigation or surveillance services and have paid contractors in relation to these services need to lodge a TPAR.

The ATO recently issued more than 16,000 penalties for businesses who didn’t lodge their TPARs for previous years, despite receiving multiple reminders. The average penalty for not lodging was about $1,110.

"It is getting harder for businesses to hide from the ATO, like using cash payments to avoid tax, as the TPAR data gives the ATO the extra puzzle pieces it needs to catch-out dodgy behaviour," Mr Goding said.

"We know there are some who deliberately don’t report or under-report their income, making it unfair for honest businesses.

"Dodgy businesses doing 'cashies' are being put on notice as the ATO continues to crack down on shadow economy behaviour."

Mr Goding said the shadow economy was estimated to cost the Australian economy $12.4 billion every year in unpaid taxes.

"If you are asking for cash and not declaring it to the ATO, you will receive a 'please explain’ from the ATO and you will be penalised. It’s not a matter of ‘if’, it’s a matter of when," Mr Goding said.

He gave as an axample how TPAR data recently enabled the ATO to investigate a cleaning company which chose not to be ‘squeaky clean’ in their tax return.

A sole trader providing cleaning services reported $6,892 of income from government allowances, but no business income or expenses. The data showed they received payments of more than $80,000 from three different companies. An audit confirmed no activity statements had been lodged and the payments were never reported. As a result, their tax return was adjusted for the omitted income, and penalties were applied.

"Every dollar of tax dodged is a dollar that can’t be used for vital services like health and aged care. The TPAR program helps to prevent billions of dollars being lost to the shadow economy," Mr Goding said.

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THE Speaker of the House of Representatives, Milton Dick MP is in Victoria as part of the Parliament in Schools program this week.

Students will learn about federation, democracy and the Australian Parliament, as well as hear first-hand from the Speaker and their local member on what a typical day looks like in their electorate and when they are in Canberra for sitting weeks.

Over two days, the Speaker will visit:

• Balwyn North Primary School, Balwyn North – with the Member for Kooyong, Dr Monique Ryan MP on Monday, August 21.
• Crib Point Primary School, Crib Point – with the Member for Flinders, Zoe McKenzie MP on Monday August 21.
• Bannockburn College, Bannockburn and Grovedale Primary, Grovedale – with the Member for Corangamite, Libby Coker MP on Tuesday August 22.

About the Parliament in Schools program

Launched last year, the Parliament in Schools program is a bi-partisan initiative to make civics education accessible to students regardless of their location. In collaboration with local federal members, the Speaker is visiting schools across Australia to bring parliament to them.

The program is an extension to well-established PEO onsite, digital and outreach education programs available to schools across Australia.

It also complements the existing PEO online and print resources that are curriculum-aligned, for Australian teachers and students.

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THE safety and well-being of Queensland’s 61 thousand resources sector workers is the focus of Australia’s biggest industry safety conference that gets underway on the Gold Coast today.

Around 1100 delegates have registered to attend the 33rd annual Queensland Mining Industry Health and Safety Conference (QMIHSC) at The Star Gold Coast over the next four days with the theme ‘Inside Looking Out’.

Queensland Resources Minister, Scott Stewart, will officially open the conference and said it is encouraging to see so many delegates attending.

“Worker safety must be the number one priority of the Queensland’s resources sector and the QMIHSC demonstrates the industry’s commitment to that,” Mr Stewart said. “We all know how important the resources industry is to our great state’s economy, but safety must always be front and centre of everything the industry does.

“I look forward to hearing about new safety innovations and I applaud the organisers for using the conference to look to other industries to see what they can learn to improve safety practises in Queensland’s resources sector.”

Welcoming delates to the conference, chair of the 2023 QMIHSC, Larnie Mackay, said the event continued to grow and it was "great to see a record attendance at this year’s conference".

“The mining industry has been through considerable change over the past three decades in improving safety and health, but there is always more we can do.  We need to think differently, particularly in light of the current labour shortage in Australia as well as globally ,” Ms Mackay said.

“This year’s theme ‘Inside Looking Out’ is about exploring not only the initiatives, programs and innovations coming from within the mining industry (the “inside”), but also looking at outcomes being achieved by other like-minded industries here and around the world where safety is the number one concern.

“Safety is an issue in which the entire Queensland mining industry is on the same page and this week’s conference is a great opportunity for representatives to come together to share experiences and information that benefits the whole resources sector,” Ms Mackay said.

“I’m looking forward to welcoming delegates today and we thank Minister Scott Stewart for opening the conference, who is well-known for his commitment to improving safety of all workers.

“We have two excellent keynote speakers for Day One of the conference.

“James Wood entered the mining industry in New South Wales straight out of school where he worked until a work accident ended his career and completely changed his life. James will talk about the importance of making the right choices at work, even when doing what may seem the simplest of tasks.

“As we look to learn from other industries, delegates will also hear from Neryl Joyce, a single mum who went from working the checkout at a supermarket, to putting her life on the line as a highly trained bodyguard protecting diplomats in the Middle East.”

Monday will feature an impressive list of keynote speakers and plenary sessions as well as the presentation of this year’s Legends Award, which is always a conference highlight.

The QMIHSC concludes on Wednesday evening with the Conference Dinner and industry award presentations.

About the Queensland Mining Industry Health and Safety Conference

The Queensland Mining Industry Health and Safety Conference is an initiative to promote health and safety in the Queensland mining industry. The four-day conference provides the industry with the opportunity to exchange information, network and foster proactive health and safety management techniques. The in-person and online conference is organised by representatives from the Queensland Resources Council (QRC), Resources Safety and Health Queensland, the Mining and Energy Union Queensland, industry organisations and the Australian Workers’ Union. The conference boasts a full program of topical sessions, workshops, award presentations and a gala dinner and attracts a wide range of presenters willing to share their knowledge, expertise and insights into important health and safety matters in the industry.

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