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Administered by: Treasury
Published Date 18 Nov 2014

 

Commissioner of Taxation

NOTICE OF A DATA MATCHING PROGRAM

The Australian Taxation Office (ATO) will acquire details of entities share registries for the period 20 September 1985 to 30 June 2016 from the following sources:

§  Link Market Services Limited

§  Computershare Limited

§  Australian Securities Exchange Limited

§  Boardroom Pty Ltd

§  Advanced Share Registry Services Pty Ltd

§  Security Transfer Registrars Pty Ltd.

 

The type of data the ATO will collect includes:

 

§  full name

§  full address

§  holder identity number

§  shareholder registry number

§  entity name

§  entity ASX code

§  purchase date –from 20/09/1985

§  purchase price – all

§  sale date – all

§  sale price – all

§  quantities of shares acquired or disposed of

§  corporate actions affecting shareholders (e.g. corporate reconstructions)

§  broker identity

§  transaction codes

§  entity type

§  direction indicator (buy or sell).

 

It is estimated that more than 95 million records will be obtained, including the records for approximately 1.2 million individuals.

 

These records will be electronically matched with certain ATO data holdings to identify non-compliance with registration, lodgment, reporting and payment obligations under taxation laws.

 

This program is called the share transactions data matching program and its purpose is to ensure that taxpayers are correctly meeting their taxation obligations in relation to the share transactions. These obligations include registration, lodgment, reporting and payment responsibilities. Its objectives are to:

 

§  Identify income tax returns that may not include accurate information relating to the disposal of shares and securities, especially in relation to capital gains tax

§  Improve the taxpayer and tax agent understanding and awareness of their capital gains tax obligations

§  Identify taxpayers that have outstanding returns or not correctly registered for their taxation obligations

§  Develop intelligence and indicators to detect emerging trends and issues

§  Enhance voluntary compliance through initiatives such as pre-populating information into taxation returns

§  Generally ensure compliance with registration, lodgment, correct reporting and payment of taxation and superannuation obligations.

 

A document describing this program has been prepared in consultation with the Office of the Australian Information Commissioner. A copy of this document is available:

 

§  at www.ato.gov.au/dmprotocols  

§  by sending an email to SpecialPurposeDataSteward@ato.gov.au

 

 

The ATO complies with the Office of the Australian Information Commissioner’s Guidelines on data matching in Australian government administration (2014) which includes standards for data matching to protect the privacy of individuals. A full copy of the ATO’s privacy policy can be accessed at www.ato.gov.au/privacy