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:
- Debit Success
- IP Payments
- PayPal Australia
- POLi Payments
and the following banks BPAY data:
- ANZ Bank
- Commonwealth Bank
- National Australia Bank
- St George Bank
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.