Overview

• The ATO has opened an internal and independent probe into its 2015 write-off of $953,396 owed by Brenlex Pty Ltd.
• The review follows an ABC Four Corners exposé that uncovered an abrupt cancellation after three years of talks over unreported profits from a 2004 share sale.
• In its statement, the tax office pledged to tighten oversight, refine general interest charge remission protocols and improve system checks.
• Due to taxpayer confidentiality laws, the ATO cannot comment on specific details but has vowed procedural enhancements where necessary.
• Academics argue that unexplained concessions for high-profile taxpayers erode public trust and demand clearer criteria and accountability.