crocodile wrote on Mar 25^th, 2019 at 7:14pm:


Good so they are working and getting this rort from my taxes....This bullshit must be stopped!!!

And the tiresome Lefties just keep on trying to deny it all.

And this should be right down the Socialists' alley - massive rorting of WELFARE uncovered and featured in TV news.

If Labor gets in this will become the normal behavior just like before. Especially for the illegal invaders Labor will bring in on the leaky boats. You know just like before.


Wealthy welfare cheats forced to repay more than $40 million, Government says
AM By political reporter Dan Conifer Updated 16 Mar 2018, 12:39am


People stand outside a Centrelink office. PHOTO: The fraudsters were unable to name the source of their money, the Government said. (AAP: Dan Peled)

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More than 1,000 rich welfare cheats have been forced to repay over $40 million to taxpayers under a recent crackdown, the Federal Government says.



Centrelink has been working with Australia's financial intelligence agency to identify welfare recipients with large amounts of unexplained wealth.

Using data-matching technology, suspicious bank transactions can be instantly cross-checked against Human Services Department records.

Centrelink has recouped $43.4 million since July 2015, with more than one third of that amount being returned this financial year.

Human Services Minister Michael Keenan said "there's a lot of money that can be saved" by targeting wealthy rorters.

"These people have been defrauding the system in a very substantial way — that's on average $43,000 per individual," Mr Keenan said.

"We don't accept that sort of behaviour."

The Government said the fraudsters were unable to name the source of the large sums, or why they did not declare the money to Centrelink.

One New South Wales disability support pensioner did not declare any income over four years.

But it was revealed $700,000 had been deposited into their bank accounts during the same period.

They were forced to repay $160,000 in welfare.

At least one of the cheats was criminally prosecuted.

Banks are required to report suspicious transactions to the Australian Transaction Reports Analysis Centre (AUSTRAC).

"What we're doing now is using a very high-tech approach to identify those people," Mr Keenan said.

"We're going to continue to work with AUSTRAC to do that.

"If anyone is doing the wrong thing, we will find them, and this shows we have the capability to do that."

https://www.abc.net.au/news/2018-03-16/centrelink-rorters-forced-to-replay-over-...

philperth2010 wrote on Mar 25^th, 2019 at 9:18pm:


That's not correct. The tax has been withheld by the company. The dividends are paid post tax. They have indeed already paid tax at the rate of 30%.

Croc your great wisdom is lost on these Lefties who are deaf to any FACTS and in any case it is doubtful if they could understand them even if they did listen.

Unless there was a GetUp! epistle explaining them.

The company pays tax on the dividends proposed to be franked.

Then these franked dividends that the company has already paid tax on are paid to investors as taxable income.

The investors are essentially part of the company which is being managed on their behalf.

So it is perfectly fair that the govt doesn't claim tax TWICE on this amount.

If the Labor thieving fiends get in then companies will simply stop franked dividends and only pay increased ordinary dividends instead.

I am sure croc can correct any errors in this.