Credit and debit cards data-matching program

Credit and debit cards data-matching program

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The ATO has announced that it will conduct a data-matching program on credit and debit card transactions for the 2012/13 and 2013/14  years.

Data will be collected from the following financial institutions:

  •  American Express Australia Limited;
  • Australia and New Zealand Banking Group Limited;
  • Bank of Queensland Limited;
  • Bendigo and Adelaide Bank Limited;
  • BWA Merchant Services Pty Ltd;
  • Commonwealth Bank of Australia;
  • Diners Club Australia;
  • National Australia Bank Limited;
  • St George Bank; and
  • Westpac Banking Corporation.

Based on previous programs, it is estimated that over 8 million records will be acquired, relating to over 940,000 merchants.  These records are linked to approximately 90,000 individuals and 850,000 non-individuals.

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