Data matching with AUSTRAC transaction report: ATO notice

October 21, 2021

The ATO on 13 October 2021 registered a notice that it will acquire AUSTRAC transaction report information data from AUSTRAC for around  9 million individuals each year for the period of 17 June 2021 through to 30 June 2027.

The data items specified include information reported to AUSTRAC for:

  • international funds transfer instructions
  • threshold reports (excluding gambling)
  • threshold reports (including gambling)
  • solicitor transactions reports
  • “suspicious matters”
  • carry mail and physical cash
  • bearer negotiable instruments.