Voluntary disclosures

Where people identify they have made a mistake or omission in a previously lodged tax return or activity statement, we encourage them to disclose this and work with us to fix the problem.

We raised $975 million in liabilities as a result of voluntary disclosures. This included around $294 million in additional GST liabilities, with cash collections of $285 million, as a result of voluntary disclosures from large businesses in 2015–16.

TABLE 2.7 Penalties and interest, 2011–12 to 2015–16
		2011–12 $m	2012–13 $m	2013–14 $m	2014–15 $m	2015–16 $m
Penalties	Applicable	1,729	1,574	3,999	1,633	1,362
	Remitted^(a)	391	93	1,163	549	296
	Collected	564	582	788	498	666
Interest	Applicable	4,782	3,390	3,656	3,557	1,519
	Remitted^(a)	1,643	699	1,285	884	854
	Collected	2,402	2,717	2,254	1,887	1,706
The remitted penalties and interest figures for 2014–15 have been adjusted to reflect prior-year corrections identified and made.

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