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The Print
28-05-2025
- Business
- The Print
PM Modi to lay foundation stone, inaugurate projects worth Rs 20,900 crore in Kanpur
Besides, he will also inaugurate road-widening and strengthening work of GT Road, the statement said. He will launch Chunniganj Metro Station to Kanpur Central Metro Station section of the Kanpur Metro Rail Project worth more than Rs 2,120 crore. It will include 14 planned stations with five new underground stations integrating key city landmarks and commercial hubs into the metro network. Kanpur (UP), May 28 (PTI) Prime Minister Narendra Modi will lay the foundation stone and inaugurate multiple development projects worth about Rs 20,900 crore here on Friday to boost the region's infrastructure and connectivity, an official statement issued here said. In order to boost the power generation capacity in the region, Prime Minister Modi will also lay the foundation stone (from Kanpur) of a 220 kV substation in Sector 28 at Yamuna Expressway Industrial Development Authority (YEIDA), Gautam Buddh Nagar. He will also inaugurate 132 kV substations worth over Rs 320 crore at Ecotech-8 and Ecotech-10 in Greater Noida. The prime minister will inaugurate a 660 MW Panki Thermal Power Extension Project in Kanpur worth over Rs 8,300 crore. He will also launch three 660 MW units of Ghatampur Thermal Power Project worth over Rs 9,330 crore, the statement said. Rail over bridges over Panki Power House Railway Crossing and Panki Dham Crossing on Panki Road at Kalyanpur Panki Mandir in Kanpur will also be inaugurated. It will support the Panki Thermal Power Extension Project's logistics by facilitating coal and oil transport while also alleviating traffic congestion for the local population, it said. Besides this, 40 MLD (million liters per day) tertiary treatment plant at Bingawan in Kanpur worth over Rs 290 crore will also be inaugurated. It will enable the reuse of treated sewage water. PM Modi will lay the foundation stone for widening and strengthening of Gauria Pali Marg for industrial development in Kanpur, and widening and strengthening of road to connect Narwal Mode (AH-1) on Prayagraj Highway to Kanpur Defence Node (four lane) under Defence Corridor. The prime minister will also distribute certificates and cheques to the beneficiaries of PM Ayushman Vay Vandana Yojna, National Livelihood Mission and PM Surya Ghar Muft Bijli Yojana, it said. PTI ABN ABN MNK MNK MNK This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Perth Now
27-05-2025
- Business
- Perth Now
‘Think again': Warning as tax cheats caught
With Aussies looking forward to that end-of-financial-year rebate, the Australian Taxation Office (ATO) has issued a stern warning about GST fraud. In a timely reminder about the consequences of committing fraud, three people from Queensland have been jailed in May. Tiarn Payten Nutley was sentenced to nine months in jail for using an existing Australian business number (ABN) to claim GST refunds for a fake beauty and salon business. Nutley shared her myGov log in with two of her friends who lodged six false business activity statements (BAS) in her name. She was sentenced for one offence of dishonestly obtaining a gain of nearly $50,000 and further trying to obtain $25,000. Nutley was released on a recognisance release order of $2000 but is required to be of good behaviour for 12 months. A woman has been sentenced over fraudulent GST claims on a fake salon business. NewsWire / Gaye Gerard Credit: News Corp Australia Her friend Skye Anne Hoek gained more than $25,000 after registering her ABN for GST and lodging two BAS that contained false information. She was sentenced to three months' jail without a recognisance release order. Gregory Pimm ran an even more elaborate fraud system – a fake road freight transport business that he claimed to run from his home. He fraudulently obtained more $265,000 in GST refunds and further tried to obtain $300,000. Pimm lodged 37 BAS for his fake business and falsely reported total sales, GST collected, GST on purchases made for the business, and GST credits the ATO owed him. A man was jailed after obtaining $265,000 in fraudulent funds for a fake road freight transport business. NewsWire / James Gourley Credit: News Corp Australia He was sentenced to two years and six months in jail for obtaining and attempting to obtain a financial advantage by deception. Pimm is to be released on recognisance of $500 after six months' imprisonment. He is also to be required to be of good behaviour for three years and subject to the supervision of a probation officer for two years. All three were arrested under Operation Protego, which has taken compliance action against more than 57,000 alleged offenders – 105 convicted. Acting ATO Deputy Commissioner and Serious Financial Crime Taskforce chief Kath Anderson said these prosecutions sent a strong reminder that the ATO would bring those who commit fraud to account. Acting ATO Deputy Commissioner Kath Anderson said the fraud crackdown would continue. Supplied Credit: Supplied 'Deliberate noncompliance has consequences. The ATO will actively pursue debts obtained through fraudulent GST funds, using all the tools at our disposal to recoup those funds. Those who seek to defraud the tax and super systems will get caught and face the full force of the law,' she said. 'We are equipped with resources, sophisticated data matching, analytics capability and intelligence sharing relationships. If you think you won't be caught, think again. 'These individuals face long-term consequences. Not only do they need to repay the money, but they will have a criminal record, which may affect their ability to secure employment, obtain finance or insurance and travel overseas. 'Engaging in GST fraud rips off your own community by stealing funds that would go to essential services, like health and education. 'Under the ATO's Counter Fraud Program, we will continue to grow the capability and tools we need to respond to fraud in an agile and sophisticated way, collecting data and information to prevent, detect and address fraud in close to real time.'
West Australian
27-05-2025
- Business
- West Australian
‘Stealing funds': ATO warning as three people jailed over tax fraud
With Aussies looking forward to that end-of-financial-year rebate, the Australian Taxation Office (ATO) has issued a stern warning about GST fraud. In a timely reminder about the consequences of committing fraud, three people from Queensland have been jailed in May. Tiarn Payten Nutley was sentenced to nine months in jail for using an existing Australian business number (ABN) to claim GST refunds for a fake beauty and salon business. Nutley shared her myGov log in with two of her friends who lodged six false business activity statements (BAS) in her name. She was sentenced for one offence of dishonestly obtaining a gain of nearly $50,000 and further trying to obtain $25,000. Nutley was released on a recognisance release order of $2000 but is required to be of good behaviour for 12 months. Her friend Skye Anne Hoek gained more than $25,000 after registering her ABN for GST and lodging two BAS that contained false information. She was sentenced to three months' jail without a recognisance release order. Gregory Pimm ran an even more elaborate fraud system – a fake road freight transport business that he claimed to run from his home. He fraudulently obtained more $265,000 in GST refunds and further tried to obtain $300,000. Pimm lodged 37 BAS for his fake business and falsely reported total sales, GST collected, GST on purchases made for the business, and GST credits the ATO owed him. He was sentenced to two years and six months in jail for obtaining and attempting to obtain a financial advantage by deception. Pimm is to be released on recognisance of $500 after six months' imprisonment. He is also to be required to be of good behaviour for three years and subject to the supervision of a probation officer for two years. All three were arrested under Operation Protego, which has taken compliance action against more than 57,000 alleged offenders – 105 convicted. Acting ATO Deputy Commissioner and Serious Financial Crime Taskforce chief Kath Anderson said these prosecutions sent a strong reminder that the ATO would bring those who commit fraud to account. 'Deliberate noncompliance has consequences. The ATO will actively pursue debts obtained through fraudulent GST funds, using all the tools at our disposal to recoup those funds. Those who seek to defraud the tax and super systems will get caught and face the full force of the law,' she said. 'We are equipped with resources, sophisticated data matching, analytics capability and intelligence sharing relationships. If you think you won't be caught, think again. 'These individuals face long-term consequences. Not only do they need to repay the money, but they will have a criminal record, which may affect their ability to secure employment, obtain finance or insurance and travel overseas. 'Engaging in GST fraud rips off your own community by stealing funds that would go to essential services, like health and education. 'Under the ATO's Counter Fraud Program, we will continue to grow the capability and tools we need to respond to fraud in an agile and sophisticated way, collecting data and information to prevent, detect and address fraud in close to real time.'
7NEWS
23-05-2025
- Automotive
- 7NEWS
BYD Shark 6 deals bring cashback, financing offers
BYD is offering a few end-of-financial-year deals on its Shark 6 plug-in hybrid (PHEV) dual-cab ute following the end of Fringe Benefit Tax (FBT) breaks for novated lessees of PHEVs last month, including a cashback campaign and financing and leasing offers. All ABN holders who take delivery of a Shark 6 between May 12 and June 30, 2025 are eligible for finance with a $0 deposit and a 1.99 per cent per annum interest rate over a 36-month term. Deals on the BYD Shark 6 are available now. Contact a dealer via CarExpert for the best deal or call our Concierge team on 1300 587 992. This offer excludes demo vehicles, as well as government, fleet and rental buyers. But BYD Shark 6 buyers who take delivery between May 1 and June 30 can receive fleet pricing, effectively a four per cent discount, if they order through a valid novated lease provider or fleet management organisation. Discounted pricing excludes applicable state on-road costs, and demonstrator models are excluded from this offer. 'Don't let the end of the FBT benefits stall your ambitions,' BYD says on its offer page. Per a post on the BYD Shark Owners Club Australia group on Facebook, certain Shark 6 buyers have also been offered $4000 cashback, to be received after taking delivery of their utes. We've contacted the brand to confirm who qualifies for this offer, which doesn't appear on its website. According to an email sent to a customer shared on Facebook, the offer will appear on the final tax invoice. Within three to five business days of taking delivery, eligible buyers will receive an email with a form to complete to redeem the offer. This offer isn't applicable to demonstrator, fleet or government vehicle purchases, and cannot be combined with any other promotions, including financing and novated leasing offers currently available for the Shark 6. The Shark 6 stormed into Australia's top 10 best-selling vehicles list in its first month of recorded deliveries, though there was a caveat here. Of the 2026 deliveries recorded in VFACTS, 450 of those were actually delivered in January but weren't reported that month due to an administrative error. Nevertheless, enthusiasm for the ute – particularly given the then-imminent end of the FBT exemption for PHEVs on April 1 – propelled it past the Isuzu D-Max and made it Australia's sixth best-selling model overall. The Shark 6 held onto sixth spot in March with 2810 deliveries, again putting it ahead of the D-Max, though it dropped to 16th spot with 1293 deliveries in April. It remains to be seen how Shark 6 sales will track in Australia following the end of the PHEV FBT exemption and the introduction of rivals including the GWM Cannon Alpha PHEV this month and Ford Ranger PHEV mid-year.
Perth Now
23-05-2025
- Automotive
- Perth Now
BYD Shark 6 deals bring cashback, financing offers
BYD is offering a few end-of-financial-year deals on its Shark 6 plug-in hybrid (PHEV) dual-cab ute following the end of Fringe Benefit Tax (FBT) breaks for novated lessees of PHEVs last month, including a cashback campaign and financing and leasing offers. All ABN holders who take delivery of a Shark 6 between May 12 and June 30, 2025 are eligible for finance with a $0 deposit and a 1.99 per cent per annum interest rate over a 36-month term. Deals on the BYD Shark 6 are available now. Contact a dealer via CarExpert for the best deal or call our Concierge team on 1300 587 992. Supplied Credit: CarExpert This offer excludes demo vehicles, as well as government, fleet and rental buyers. But BYD Shark 6 buyers who take delivery between May 1 and June 30 can receive fleet pricing, effectively a four per cent discount, if they order through a valid novated lease provider or fleet management organisation. Discounted pricing excludes applicable state on-road costs, and demonstrator models are excluded from this offer. 'Don't let the end of the FBT benefits stall your ambitions,' BYD says on its offer page. Supplied Credit: CarExpert Per a post on the BYD Shark Owners Club Australia group on Facebook, certain Shark 6 buyers have also been offered $4000 cashback, to be received after taking delivery of their utes. We've contacted the brand to confirm who qualifies for this offer, which doesn't appear on its website. According to an email sent to a customer shared on Facebook, the offer will appear on the final tax invoice. Within three to five business days of taking delivery, eligible buyers will receive an email with a form to complete to redeem the offer. This offer isn't applicable to demonstrator, fleet or government vehicle purchases, and cannot be combined with any other promotions, including financing and novated leasing offers currently available for the Shark 6. The Shark 6 stormed into Australia's top 10 best-selling vehicles list in its first month of recorded deliveries, though there was a caveat here. Of the 2026 deliveries recorded in VFACTS, 450 of those were actually delivered in January but weren't reported that month due to an administrative error. Supplied Credit: CarExpert Nevertheless, enthusiasm for the ute – particularly given the then-imminent end of the FBT exemption for PHEVs on April 1 – propelled it past the Isuzu D-Max and made it Australia's sixth best-selling model overall. The Shark 6 held onto sixth spot in March with 2810 deliveries, again putting it ahead of the D-Max, though it dropped to 16th spot with 1293 deliveries in April. It remains to be seen how Shark 6 sales will track in Australia following the end of the PHEV FBT exemption and the introduction of rivals including the GWM Cannon Alpha PHEV this month and Ford Ranger PHEV mid-year. MORE: Everything BYD Shark 6
