WE'RE IN IT TO WIN IT

Book your consultation

Book Now Mobile

TikTok Trend Takes Australia for a $1.2 Billion Ride

Table of Contents

TikTok is known for its myriad dance challenges and lip-syncing teens, and the last thing one might expect is for it to be the platform responsible for one of the biggest tax scams in Australia’s history.

In a shocking revelation, the Australian Tax Office (ATO) admitted to being duped out of a whopping $1.2 billion in fraudulent GST claims. All because a few “financial influencers” on TikTok thought they’d found a cheeky “loan” scheme from the government.

It seems that at least 56,000 TikTok enthusiasts found the allure of making an extra dollar or twenty thousand too tempting to resist. With sly whispers and winks, a fraudulent GST scheme spread like wildfire across the platform. A quick tutorial here, a ad hack there, and voila! You had yourself a community-wide tax con.

H&R Block’s Mark Chapman gave perhaps the most befuddled response of us all, “It’s incredibly straightforward and incredibly fraudulent.” One could almost imagine him shaking his head, adding, “Kids these days, right?”

But it’s not just the youngsters at play. Organized crime groups, including biker gangs, were in on this dance challenge. However, instead of dance moves, they were moving large sums of fraudulent money.

Of course, as in every heist movie, the law comes knocking. Operation Protego has been the ATO’s answer, stopping a further $2.7 billion from joining the fraud party and arresting over 100 suspects. ATO Deputy Commissioner and Chief of the Serious Financial Crime Taskforce Will Day gave a stern warning to those still in the shadows, saying, “Face the music now or face even tougher consequences later.”

If there’s one thing we’ve learned, it’s that not everything you see on TikTok is a good idea. A new dance craze? Go for it. But tax fraud? Maybe not the best move.

If you’re sitting there, nervously recalling that time you thought jumping on the TikTok tax bandwagon seemed like a good idea, or worse, your ID got caught up in this mess without your knowledge, it’s not the end of the road.

Have you found yourself unintentionally tangled in this GST scam, possibly due to stolen identity information or other misguidance? Don’t face the music alone. Reach out to Jameson Law. We’re here to help you navigate the complexities and set things right. Remember, a viral dance trend lasts a week, but your financial records last a lifetime.

Shape

02 8806 0866

Book Online

WE GET IT

Explore More Legal Resources and Articles

A New Hope for Recreational Drug Users?

A New Hope for Recreational Drug Users? People caught with minor amounts of illicit substances might soon breathe a sigh of relief. A new legislative proposal in the NSW Parliament offers an alternative to criminal penalties for personal drug possession. The twist? Offenders could “work off” their fines by seeking help. ‘Two-Strike’ Policy – The two-strike scheme may allow thousands of recreational users of drugs like ice, cocaine, and MDMA to sidestep criminal repercussions. – This approach is designed to shift the police’s focus from users to dealers and ensure users get the help they need to steer clear of long-term drug habits. – If passed, adults found with small quantities of drugs might receive a criminal infringement notice: a $400 fine. But there’s a way out. By undertaking a “tailored drug and alcohol intervention,” they can have their fine annulled. No intervention? Revenue NSW will come knocking for the fine. – Health Minister Ryan Park emphasizes this as an “evidence-based” strategy, aligning drug use and dependency more as health concerns rather than criminal offences. – However, this leniency won’t extend to drug trafficking, manufacturing, or those with prior dealing convictions. For the police, it’s not just about handing out fines. Police Minister Yasmin Catley elaborates that the proposed system would result in “better outcomes for low-level drug offending without compromising safety.” The on-the-spot fine isn’t obligatory, and police can still opt for court proceedings if deemed necessary.   NSW Drug Law Overhaul While this overhaul brings NSW more in line with other Australian states, it doesn’t come without its share of debates. The law aims to address the broader issues surrounding drug usage and its societal impacts, but there are concerns about the government’s commitment to drug reforms. In an ever-evolving legal landscape, it’s crucial to understand how these changes might impact you or those you know. As always, if you have questions or concerns related to these legal changes, Jameson Law is here to guide you through it.

Breaking a Sweat Over Business: The Fitness Feud of the Decade

Breaking a Sweat Over Business: The Fitness Feud of the Decade Aussie fitness sensation Cass Olholm isn’t just breaking a sweat in her workouts but also in court! Flexing her legal muscles, Cass recently delivered a knockout punch to her former employer, Bikini Body Training Company. In the red corner, we have the globally recognized Bikini Body Training Company. They were concerned that Cass’s new app, “Train With Cass,” launching this Thursday, might have subscribers sprinting away from their reigning champ, the “Sweat” program. In numbers? They feared a possible $1 million drop in revenue. A Breach of the “Restraint of Trade” Clauses In the blue corner, the rising star Cass Olholm, was gearing up to launch her app. However, the Bikini Body brand, founded by fitness mogul Kayla Itsines but now under the U.S. flag, threw in a legal jab aiming to block her launch. Their argument? A breach of the “restraint of trade” clauses. But as every good fitness enthusiast knows, it’s not about the punches you throw, but the ones you can take and keep moving. Judge Jack Costello handed the victory to Cass, allowing her to roll out her app immediately. He stated that Bikini Body couldn’t prove they had a “legitimate commercial interest” to protect, or that their 12-month restraint period was even reasonable. Ms. Olholm and Ms. Itsines were once the dynamic duo of the fitness world. Cass often graced Ms. Itsines’ Facebook videos post her Bikini Body joining in 2020. Fast forward a bit, and Bikini Body claims a whopping $65 million in revenue each year. Meanwhile, “Train With Cass” offers its fitness secrets for $21.99 a month or a yearly commitment of $139.99. Nicholas Swan, defending Bikini Body, argued that Ms. Olholm’s dazzling fitness “aura” shouldn’t be used to pump up a rival business within the 12-month clause. On the flip side, Thomas Macfarlane, coming to bat for Cass, stated it’s a stretch to hold back her goodwill, something she built over years, even before her Bikini Body days. Cass claims her non-compete was for six months, not twelve. Cass believes her fitness journey’s success isn’t just a two or three-year marathon at “Sweat.” Her hard-earned accolades and skills don’t magically disappear post-Sweat. And it seems Judge Costello sided with that logic. Contract Law Experts Sweat Over Contracts, Not Workouts! Navigating the world of contract law can be as tricky as mastering a new fitness routine. Whether you’re a rising star in the fitness world or just want to ensure your contracts are as rock-solid as your abs, Jameson Law has got your back! Dive into the details with us, so your business can flex its muscles confidently.

How One Speed Camera Raked in $1.3M in Just 30 Days

Set against the urban sprawl of Sydney’s Inner West, there stands a sentinel. It’s not an imposing statue or an architectural marvel, but a lone speed camera. Its location? The Westconnex M4 East tunnel at Croydon. In the span of a mere month, this unassuming device caught the fleeting blur of over 2400 speeding drivers, translating to a staggering revenue of $1.3 million in fines. But is this figure a testament to vigilant law enforcement or a reflection of a broader problem? August was a particularly lucrative month for speed cameras in Sydney. Not to be outdone, the Northconnex Tunnel at Normanhurst also had its cash registers ringing, tallying over $398,000 in fines. Moving eastbound on Oxford Street in Darlinghurst, another camera added a significant sum to the coffers. Yet another contender, a camera on Ryde Road heading southbound at West Pymble, was hot on its heels. While these numbers might be music to the ears of city treasurers, for the everyday driver, they strike a more sombre note. Speed cameras, often equipped with red light detection devices, are a double-edged sword. On one hand, they serve as deterrents, promoting safer driving. On the other, they can be seen as pesky reminders of momentary lapses in judgment or attention. Received an infringement notice? A glimmer of hope remains. Many aren’t aware that it’s possible to appeal both speeding and red light camera offences. If you find yourself staring at a notice, remember you have a window of 21 days to lodge your appeal. You can start by reaching out to the State Debt Recovery Office (SDRO) before taking the matter to court. If curiosity gets the better of you and you wish to see the exact moment the camera caught you, you can obtain a copy of the photograph – for a fee, of course. At Jameson Law, we understand that sometimes, speed cameras can catch even the most law-abiding drivers off-guard. If you ever find yourself in a tangle with traffic infringements, remember we’re just a call away, ready to guide you through the maze of legalities. Because in a world where a single camera can generate over a million dollars in a month, it’s good to know you’re not navigating the road alone. Drive safe, Sydney!

WE'RE IN IT TO WIN IT

Book your consultation