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On this episode of The nestegg Podcast, host Maja Garaca Djurdjevic and three experts discuss the ongoing NSW lockdown, the ins and outs of the COVID-19 Disaster Payments, and how Brisbane’s successful Olympics bid could impact equities and property.

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Steve Waters, director of Right Property Group, chats about the impact of the lockdowns on the property market, what the 2032 Olympics could mean for Brisbane’s market, and whether APRA might need to pull the handbrake to cool house price growth.

RMIT’s senior lecturer of finance, Dr Angel Zhong, delves into how the Olympics and other major events affect stock returns and what the implications are for investors.

And lastly, tax and super guru Timothy Munro talks about the near-record super returns, the COVID-19 Disaster Payments and what they mean for your super.

Have a question for our experts? Get in touch at [email protected] and you might get featured on the next episode.

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Taxpayer hands over $3,500 as scam goes national

By Reporter

January 09 2019
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Taxpayer hands over $3,500 as scam goes national

By Reporter
January 09 2019

Investors should be on high alert for a sophisticated scam, with some Australians handing over up to $3,500 unknowingly after receiving a phone call purporting to be from the ATO.

Taxpayer hands over $3,500 as scam goes national

By Reporter

January 09 2019
Share

Investors should be on high alert for a sophisticated scam, with some Australians handing over up to $3,500 unknowingly after receiving a phone call purporting to be from the ATO.

The Tax Practitioners Board has warned of a new scam involving a fake telephone call impersonating the board. The TPB provides authorisation to tax professionals, like accountants.

“We have been notified of a telephone scam using technology to impersonate a legitimate TPB telephone number,” said the TPB in a LinkedIn update.

“Please be aware that a legitimate TPB call will never ask for, or demand, credit card payment over the phone.”

Reports of tax scams have risen over the past few months, with the ATO recently issuing a high alert after more than $800,000 was reportedly lost in November alone.

The Tax Office has also had to contend with scammers impersonating registered tax agents, in a bid to lend credibility to the scam.

This week, Queensland Police issued a warning after a victim in Logan had purchased a total of $3,500 worth of gift vouchers in response to an ATO scam.

The Australian Competition and Consumer Commission (ACCC) has advised taxpayers not to engage with such phone calls or emails.

“The Tax Office will never threaten you with arrest, or demand immediate payment of a tax debt or fine with unusual payment methods like gift cards or bitcoin,” said the ACCC.

“If you ever get a call or email claiming you will be arrested due to a tax debt, simply hang up the phone or delete the email. Do not call the number provided in the phone message or email you receive.”

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