Cross agency actions - addressing phoenix activity, Business Law and Ethics

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Q. Cross agency actions - addressing phoenix activity?

the ASIC, ATO and FWO all have responsibilities in investigating and monitoring elements of phoenix activity. This means a whole of government approach is necessary to ensure coordination and information sharing between the relevant agencies. Progress has been made in this area with ATO and ASIC having general information sharing arrangements and the FWO establishing a similar arrangement with the ASIC.

However, in suggesting cross agency actions it is essential that:

- the different responsibilities of the agencies are recognised

- that the different levels of resources available to combat phoenix activity of each agency are recognised.


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