Quote:
Originally Posted by Bossxr8
The move comes after Business Insider Australia revealed applications had been greenlit by the ATO and super funds despite individuals not meeting the scheme’s own criteria.
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Because the ato did zero checks. As long as you ticked the right boxes they approved it. You effectively signed a stat dec saying you met the eligibility criteria.
At the end off the day, the ato will most likely only prosecute if someone is already in their targets.
They don’t have the staff to go double checking the 5 million or whatever it was that withdrew.