Increased Funding to Counter Cash Economy

The Government states that this is expected to increase the "visibility of the Tax Office in the community".

This measure is expected to result in:

• an additional $491.8 million in revenue in fiscal balance terms over four years; and
• an increase of $39.9 million in Tax Office-administered expenses over the same period.

In underlying cash terms, the expected increase in revenue is $366.5 million over four years, including $146.7 million in GST collections that will be paid to the states and territories.