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ARTICLE · 21 APRIL 2025

Early-April 2025 – Tax Update

An update on key developments in taxation law for accountants and participants in the tax advice industry.

AustraliaStrategy

This article provides an update on key developments in taxation law for accountants and participants in the tax advice industry up to early April. This update in summary covers:

  1. 4 year Imprisonment for Taxpayer who obtained $2.4m in GST refunds;
  2. Denial of Primary Production Exemption in Section 67 of the Land Tax Act 2005; and
  3. Federal Court Decision on Non-Binding Death Benefit Nomination in estranged family situation.

1 - 4 Year Imprisonment for taxpayer who fraudulently obtained $2.4m in GST refunds

A Victorian man has been jailed for fraudulently obtaining $2.4m in GST refunds for his plumbing business as part of the ATO's Operation Protego. Practitioners may remember the TikTok tax scam where influencers on social media convinced viewers that they could create a fake business to submit false BAS statements to gain a GST refund. This resulted in $1.7 billion in losses to the government.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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