In 2018, The Economic Impact of Potential Illegal Phoenix Activity Report commissioned by ASIC, ATO and the Fair Work Ombudsman found that illegal phoenix activity costs employees between $31 and $298 million in unpaid entitlements and costs the Government around $1,660 million in unpaid taxes and compliance.
Fast forward to 2022 and the ATO is making great strides to reduce this burden on Australians with the rollout of the Modern Business Registry Program, including the Directors ID project which came into effect this year.
Integral, and our partners, Red Hat have played a pivotal role in the project, implementing significant changes, improvements and new technologies to the ATO architecture. The transformation program is being delivered as a consortium, with Integral principal consultants and technologists leading critical aspects of solution and platform architecture, security design and platform implementation. The program is leading the way for container-based platforms in the ATO. It is the first major implementation of OpenShift, increasing scalability and improving performance to allow the ATO to introduce new clients and registers and keep Australia’s business community and employees safe from dishonest directors.