The Australian Taxation Office (ATO) has issued a release on changes to promoter penalty laws including an increase in maximum penalties to AUD 780 million. --- Changes to promoter penalty laws Be aware of the recent changes to the promoter penalty laws and the consequences for promoting unlawful tax schemes. Promoter penalty laws are used to deter and take action against the promotion of unlawful tax schemes. The Parliament has recently passed legislative changes to the promoter penalty laws, which operate from 1 July 2024. These changes include: increasing the maximum penalties for advisers and firms who promote unlawful tax...