How to spot scams, heading into tax season

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With Australians entering tax season, experts are urging caution due to a high number of scammers using the opportunity to target Australians for their personal information. New data from the Commonwealth Bank suggests 24 per cent of Australians have already been targeted with a tax-related scam.

With tax-season fast approaching, experts are urging caution due to a high number of scammers using the opportunity to target Australians for their personal and financial information.

Samantha Yorke ] works for the Australian Communications and Media Authority, the government's national communications regulator. "What we have seen are often robocalls or calls from people who are pretending to be from the tax office, calling on the basis of an urgent debt that needs to be paid or to request personal information from you in order to process a tax refund. Contact can also be made by email or by S-M-S that often include links to follow, to update or fix your personal information to receive a fake refund.

Assistant Commissioner with the A-T-O, Rob Thomson, says there are a few warning signs to watch for that likely indicate you've been contacted by a scammer. "Retirees may, not all of course, but many retirees may have more substantial savings. They may be more actively therefore looking for savings and investments opportunities. And of course, people over 65 are not what we would call digital natives. So in some respects, they may be less familiar with some of the tricks and traps that scammers use in order to lure their victims in."

 

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