The Commissioner has gazetted the Notice of a residential investment property loan (RIPL) data-matching program 3 April 2023.
It enables the ATO to acquire residential investment property loan (“RIPL”) data from authorised financial institutions for 2021-22 through to 2025-26. The data items include:
• client identification details (names, addresses, phone numbers, dates of birth, etc)
• account details (account numbers, BSB’s, balances, commencement and end dates etc)
• transaction details (transaction date, transaction amount etc).
The ATO expects to obtain records relating to approximately 1.7 million individuals for each financial year.