Correcting the record on Operation Protego
By API User
This fraud did not cost the tax office $4.6 billion as reported in the AFR this morning. In our Annual Report to June 2022 we reported a cost of $1.2 billion at that time. We became aware of an increase in referrals from banks in late 2021 which escalated in early 2022. We took immediate action. There … Continued