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The risk differentiation framework - Practical applications to SMEs and tax agents presentation

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Published on 22 Aug 13 by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE

Ever wondered how the Tax Office assesses your clients in terms of risk to revenue? What sort of risk assessment is more likely to result in Tax Office review or audit activity? As a Tax Agent, how do you rate in comparison to your colleagues and what do these ratings mean? The Tax Office now utilises a point-in-time risk management tool called the Risk Differentiation Framework (“RDF”) to assess these risks.

This presentation willl:

  • provide an overview of the demographics of the RDF as applied to the SME Market – incorporating a description of the key variables that feed into the RDF algorithm
  • indicate likely Tax Office activity resulting from classification into one of the four risk categories
  • suggest activity (or lack of activity) that will keep clients in more benign risk categories
  • contain case studies based on Tax Office use of RDF
  • provide an overview of the RDF as applied to Tax Agents.

Author profile

Michael (MERGE FAILED USE 156921) Cranston
Michael joined the ATO in 1977. He moved to his current role as Deputy Commissioner Private Groups and High Wealth Individuals in October 2011. His responsibilities include supporting increased willing participation and ensuring voluntary compliance of taxpayers in the privately owned groups and high wealth individuals population, focusing on serious abuses of the tax system (including through the Serious Financial Crime Taskforce) along with addressing aggressive tax planning. Michael is also the client experience owner for privately owned wealthy groups for the ATO. He has represented the ATO on a number of Australian and international forums including chairing the OECD Taskforce on Tax Crimes. - Current at 28 June 2016
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This was presented at Review to Dispute with the ATO .

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