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> Identification and Payment Systems

Chapter 39: Identification and Payment Systems

Chapter 39: Identification and Payment Systems

pp. 981-989

Authors

, Monash University, Victoria
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Extract

This chapter examines some of the important identification and payment systems that underpin the Australian tax system. The key identification systems are the TFN and ABN systems. The main payment system is the PAYG system. The administration and enforcement of the tax laws is also supported by the financial transaction reporting regime, which assists the government identify tax evaders by tracking suspicious financial dealings and the movement of large amounts of cash.

Keywords

  • Taxation law
  • Australian taxation law
  • Identification Systems
  • Payment Systems
  • The TFN system
  • The ABN system
  • The PAYG system
  • PAYG withholding
  • financial transaction reporting

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