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Do you know there is a system called as AUSTRAC, minitoring all international banking or financial institution transactions?
Do you know ATO has a project Wickenby specifically targeting international tax evasions and tax avoidances?
Please read the latest ATO's tax communication.
http://www.ato.gov.au/corporate/content.aspx?doc=/content/00333108.htm&pc=001/001/008/008&mnu=49910&mfp=001&st=#001_001_008_008
This is serious, and don't think you might be lucky or too small fish to worry about. Sooner or later there is a catch.
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