Through Budget 2018, we received additional funding from the Government to increase our activity targeting assessed revenue for unfiled company returns and associated returns.
We completed the second year of this initiative, which continues through to June 2022. We assessed $122.8 million in returns against the target of $174 million for June 2021.
Our decision to defer our campaign work, and reprioritise compliance activities to best support customers during COVID-19, has influenced our results.
The table below shows our return on investment (ROI) in these areas.
2019-20 unaudited ROI actual | 2020-21 unaudited ROI actual | |
---|---|---|
$5.81 | Unfiled company returns - Budget 2018 | $4.63 |