This event, part of the Bi-Monthly series, covered a tax update as well as the ATO's approach to compliance in the cash economy. Since 2007 the ATO response to the cash economy has moved away from "industry based' to a focus on behaviours. The current approach focuses on omitted cash income and recognises:
- drivers of cash economy risk are not industry specific
- the risk population is not uniform - a range of strategies are required to achieve an optimal level of compliance
- that influencing the perceptions and behaviours of both cash economy participants and the broader community is important.