Saturday, July 11, 2020

Australian Federal Police Investigate Tax Bureau Fraud Scheme Detects Early Access To Pensions

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Australian federal police are investigating fraudulent attempts as part of the federal government’s early retirement plan.

In a statement, the tax office said a small number of people appear to have used their contact information illegally to defraud the program.

“It has been stopped and those affected are being contacted,” the statement said.

AFP also issued a statement confirming that it was investigating the case.

The program allows people financially affected by the coronavirus pandemic to quickly access part of their retirement savings.

The latest figures show that more than a million people accept this offer.

Labor Party financial services spokesman Stephen Jones said he understood the money was paid fraudulently.

“We are deeply concerned,” said Mr. Jones.

“Labor warned at the very beginning that there was a lot of risk of fraud in this system.

“We feared that it would be a pot of honey for the fraudsters.

“In the past week or so, we have received reports from people receiving text messages that their claims have been approved and they have said,” Well, I did not make a claim, how can we approve what whether it be? “”.

Jones said Labor will demand an explanation when Senate committee COVID-19 resumes Thursday morning.

“The members of the fund deserve to know what is going on,” he said.

Jones said the breach could also undermine confidence in the government’s coronavirus tracking application, COVIDSafe.

Treasurer Josh Frydenberg’s office was contacted for comment.

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