Australian Federal Police investigating superannuation early access fraud scheme detected by Tax Office - ABC News

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Superannuation scheme fraud detected by ATO

The Australian Federal Police are investigating attempts to defraud the Federal Government’s early access to superannuation scheme.The Australian Federal Police are investigating fraudulent activity related to the early superannuation schemeLabor's financial services spokesman, Stephen Jones says the party will demand an explanation

In a statement, the Tax Office said a small number of people appear to have had their details used illegally in a bid to scam the program."The ATO's online systems have not been compromised."The scheme allows people financially affected by the coronavirus pandemic to access some of their retirement savings early.Labor's financial services spokesman, Stephen Jones, said he understood money had been paid out fraudulently.

Mr Jones said Labor would demand an explanation when the COVID-19 Senate committee resumed on Thursday morning."They need some guarantees that these frauds will be stopped and if anybody's been paid money out incorrectly that that will be chased down and victims will be compensated. Mr Jones said the breach could also dent confidence in the Government's coronavirus tracing app, COVIDSafe.

 

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