Beware of ATO and ASIC Scams

Beware of ATO & ASIC Scams

Recent warnings from the Australian Taxation Office (ATO) and Australian Securities & Investments Commission (ASIC) has highlighted the number of fraudulent and unsolicited emails, SMS and phone calls.

Scammers, pretending to be from these organisations have been contacting people asking them to pay outstanding debt and fees and to disclose personal information.

Scams include telephone calls, emails and SMS asking you to take specific actions such as:

    • provide additional information required to process a BAS or tax return lodged
    • provide additional information required regarding an application that’s been made
    • verify changes to an account
    • pay a fee to renew your business or company name
    • provide personal details such as your Tax File Number

Key warning signs include the scammer threatening immediate arrest, aggressive or rude behaviour or asking you to pay money into a bank account. Sometimes they even request payment via methods such iTunes gift cards or other pre-paid cards.

If something doesn’t sound right, it’s probably not.

To help protect yourself:

  • keep your computer’s anti-virus software up to date
  • be wary of emails that don’t address you by name or misspell your details
  • don’t open unknown attachments
  • don’t click any links in a suspicious email or download files from the internet
  • keep your personal information secure

If you are in doubt about the authenticity of correspondence claiming to be from the ATO or ASIC, please call us.

Patrick Rowan clients, in general, should not be receiving calls from the ATO where we act as your tax agent or ASIC where we act as your registered agent.

For more information on scams, visit ato.gov.au/scams