ATO’s data matching program on specialised payment systems
ATO’s data matching program on specialised payment systems
The ATO has announced a data matching program in relation to electronic payments made to businesses through specialised payment systems.
For the period 1 July 2013 to 30 June 2014, it will request and collect data from the following businesses:
- Ausfit
- BillBuddyn Debit Success
- eDebit
- Ezidebit
- EzyPay
- Integrapay
- IP Payments
- Paymate
- PayPal Australia
- PaySmart
- POLi Payments
- Quickpay
and the following banks BPAY data:
- ANZ Bank
- Commonwealth Bank
- National Australia Bank
- St George Bank
- Westpac
The ATO will collect details of merchant and biller business names, contact details, settlement amounts, and transaction records. Records relating to approximately 25,000 individuals will be matched.
Please Note: Many of the comments in this publication are general in nature and anyone intending to apply the information to practical circumstances should seek professional advice to independently verify their interpretation and the information’s applicability to their particular circumstances.