The Australia Taxation Office (ATO) will be collecting visa information from The Department of Home Affairs (DHA). The information sharing will include financial years 2023-2024 and 2024-2025. The official announcement also stated the types of information which will be included:
- identification details (address history for visa applicants and sponsors, contact history for visa applicants and sponsors, address history for migration agents, contact history for migration agents, active visas meeting the criteria, all visa grants, visa grant status by point in time, migration agents (visa application preparer who assisted or facilitated the processing of the visa), all international travel movements undertaken by visa holders (arrivals and departures), sponsor details (457 visa), visa subclass name)
Approximately 9 million individual’s records will be obtained year financial year. This movement have been warmly welcomed by One Career’s MD Asiful Islam. In a statement on Friday, Mr Islam mentioned the need of closing all the loopholes in international education industry. We have been promoting Australia’s world class education system to the rest of the world and recruiting international students; however, most get distracted after arriving in this country.
The primary objective of this movement are to help ensure that individuals and businesses are fulfilling their tax and super reporting obligations according to Australian state and federal legislations; increase community confidence in the integrity of these systems; help ensure visa populations fulfil their registration, lodgement, correct reporting and payment of tax and super obligations; identify potentially new or emergent approaches to fraud and those entities controlling or exploiting the visa framework; improve the integrity of the tax and superannuation systems by cancelling ABNs of ineligible ABN holders and support compliance activities under Australia’s foreign investment rules.
One Career have been actively involved in the recent changes in Australian international education sector. We believe that this article will assist migrants and international students understanding their tax and superannuation obligation in Australia. If you have any enquiry and would like to book a FREE consultation with us, please complete this form.