ATO (tax office) payments by credit card

[SOPOOR]

I am not confusing government agencies. I would not want to be making regular payments to government agencies when I did not owe them money. Too many red flags everywhere.

But I think it is quite clear that desperate people seek desperate measures.

well, I actually dont 100% disagree with that comment

is my points search desperate ? I dont think so
I think its a smart way to gain maximum benefit without breaking the law or being unethical

I would think getting multiple flybuys cards for me and imaginary family members as more unethical,

if I pay lets say 1c per point but I get 4c per point in benefits its very worth it for me

I would like to think I am intelligent for picking up on the benefit to cost ratio

 

[Duffa]

Is the BOM card uncapped for ATO spend? I thought they had a limit of 20k?

At last - an on-topic post !!
It is uncapped for all personal spend inc ATO, at this time

 

[lovetravellingoz]

At last - an on-topic post !!
It is uncapped for all personal spend inc ATO, at this time

I think the operative words is personal.

So with the likely ATO spend most likely heading its way that will not be personal, it will probably join the fate of many other cards soon.

 

[burmans]

We also need to be careful that we don't go too off topic as topic drift is a killer

Agree, far be it for me to tell a mod what to do but you could always split this off.

Correct - however one is drawing a long bow to say that overpayment of a credit card falls under their jurisdiction.

Well probably not but that's because they are unlikely to regard this as Money Laundering

My comment goes to the point of the thread. Whilst the vast majority of all CC transactions are made electronically these days, then per se there is no cash transaction, thus those transactions (over)paying the ATO is not likely to fall under the auspices of AUSTRAC. Putting my mind to the point, the only ways I can see one would happen is if said cash transaction is made via a bank teller or ATM, both of which would be reportable events to AUSTRAC if they exceeded the thresholds.

You only partially quoted what I typed, as I continued "with a particular focus on anti-money laundering and terrorism related transactions, after all the legislation sitting behind AUSTRAC is after all "[FONT=&amp]The [/FONT]Anti-Money Laundering and Counter-Terrorism Financing Act 2006[FONT=&amp] (AML/CTF Act)"[/FONT]

I think it is a mistake to suggest that the AML/CTF act is the only thing that AUSTRAC do. From an AUSTRAC report "AUSTRAC’s purpose is to protect the integrity of Australia’s financial system and contribute to the administration of justice through expertise in countering money laundering and terrorism financing. It does this in two ways: as the national anti-money laundering and counter-terrorism financing (AML/CTF) regulator and as Australia’s financial intelligence unit (FIU). "

My understanding from the pre-amble to the Act is that the AML/CTF Act was introduced due to gaps in our ability to monitor transactions, electronic ones being much easier as its clear where the money is going from/to. While I have no insider track in AUSTRAC would hate to think though that the view is that because it's easy to monitor no criminal would be stupid enough to do this, and hence we won't!

 

[KLN]

with the demise of the WBC Black with ATO, have now successfully used and accrued the correct points using Reward Pay. i feel like i have my mojo back

 

[cove]

BOM,ST G,WBC Kris seem to be working.

 

[get me outta here]

cove, and BWW? Cheers

BOM,ST G,WBC Kris seem to be working.

 

[cove]

Yes GMOH I was keeping that as a secret.

 

[jbman]

Westpac Black CC, can I make an ATO payment with the card to meet the minimum spend?

I understand I will get zero points from the transaction, however I was hoping I could use it to make my min spend for the sign up bonus.

cheers

 

[perthjay85]

Westpac Black CC, can I make an ATO payment with the card to meet the minimum spend?

I understand I will get zero points from the transaction, however I was hoping I could use it to make my min spend for the sign up bonus.

cheers

this is from the westpac page:

"Eligible purchases do not include fees, cash, cash equivalent transactions, BPAY, refunds and balance transfers debited from the card account."

So hopefully it should count towards your spend goal.

 

[drunkenrooster]

BOM,ST G,WBC Kris seem to be working.

I never had the WBC Kris but WBC Black. However, luckily some household members do have one so been parting the points ever now and then. Given the circumstances, the value of the card is now unquestionable.

 

[bbqwer]

Newbie questions, My first time paying ATO BAS with rewardpay, It is asking ABN for ATO ?

I have BSB 093 003, account number 316 385 and the entity’s PRN.

51 824 753 556 is it this one ATO ABN ?

thank you

 

[Isochronous]

Bank Australia has now devalued to 0.75ppd with $20,000 monthly cap from 1 Oct onwards.

 

[Scr77]

Bank Australia has now devalued to 0.75ppd with $20,000 monthly cap from 1 Oct onwards.

Have they excluded ATO?

 

[jamesD]

Have they excluded ATO?

No mention of ATO - yet.

 

[Origin]

No mention of ATO - yet.

Ineligible Transaction
means any of the following
transactions:
a. balance transfers;
b. cash advances;
c. Business Expenses;
d. BPay transactions;
e. any fee or charge, including any government charges
or duties and any fee or charge for your membership of
and participation in the Qantas Frequent Flyer Program;
f. interest and finance charges payable or paid on
your Credit Card;
g. enforcement expenses;
h. transactions which are disputed, fraudulent or involve
the abuse or unauthorised use of your Credit Card;
i. payments and purchases which are refunded
or reimbursed; and
j. payments made by you to other Bank Australia
loan accounts.

 

[maccaisking]

Ineligible Transaction
means any of the following
transactions:
a. balance transfers;
b. cash advances;
c. Business Expenses;
d. BPay transactions;
e. any fee or charge, including any government charges
or duties and any fee or charge for your membership of
and participation in the Qantas Frequent Flyer Program;
f. interest and finance charges payable or paid on
your Credit Card;
g. enforcement expenses;
h. transactions which are disputed, fraudulent or involve
the abuse or unauthorised use of your Credit Card;
i. payments and purchases which are refunded
or reimbursed; and
j. payments made by you to other Bank Australia
loan accounts.

I imagine government charge/duty would include ATO?

 

[ChrisFlyer]

Reports on AusBT today that Velocity Global Wallet is dead for ATO spend from October 1 (for existing users). Also changes to the earn rates on regular spend.

New users who activate their VGW card from today won't earn points on ATO payments either, apparently.

I guess that means existing VGW users get one more month of earning 0.5 VA/$1 at the ATO in return for a 0.15% fee, or 0.3c per point... better make the most of it!

Bank Australia has now devalued to 0.75ppd with $20,000 monthly cap from 1 Oct onwards.

The new monthly cap is 20,000 points per month, not $20,000 spent.

 

[cove]

WA is getting pretty testy to do with our 34% return of our GST. Turnbull and Shorten seem to be too paralyzed to fix it.

 

[Isochronous]

WA is getting pretty testy to do with our 34% return of our GST. Turnbull and Shorten seem to be too paralyzed to fix it.

Because they're all scared of losing seats in SA, NT, Tas.

WA secession is going to gain momentum if the problem isn't solved though.