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Gold Coast construction identity extradited over $17m tax fraud syndicate – 24 July 2020
Construction industry identity George Alex, has been extradited from Queensland to New South Wales, to face charges over a multi-million dollar tax fraud syndicate. The group allegedly defrauded the Commonwealth through labour hire and payroll companies, to the tune of $17 million.
Tax time 2020: Economic stimulus and tax whistleblowers – 22 July 2020
Article outlines options for CPAs who encounter situations of potential tax fraud as part of Covid 19 economic stimulus measures and the protections afforded by the tax whistleblower laws, introduced last year.
https://www.intheblack.com/articles/2020/07/22/economic-stimulus-and-tax-whistleblowers
Australia: The role of corporate governance in preventing or minimising fraud – 22 July 2020
Article discusses a commercial property cleaners case, where the CEO misappropriated company money. The case raises questions about the role a strong corporate governance model can play, in the prevention of fraud.
Sheffield United’s Aussie sponsor stripped of licence after collapse – 21 July 2020
Australian trading site Union Standard International Group (USG), has collapsed into administration, amid an investigation by the corporate watchdog into its trading platforms. ASIC alleges its representatives had acted unconscionably towards customers.
