Investigate before you invest

If you invest in a dodgy tax scheme, you will be risking your original investment and you may have to pay back any missing tax with interest and penalties long after the promoter and your money are gone.

Before you invest in any tax scheme:

• investigate carefully
• seek independent advice from:

- a professional advisor, and/or

- the Tax Office

Check information and warnings about investment schemes and scams on the Australian Securities and Investment Commission and the Australian Competition and Consumer Commission SCAMwatch website. You can find it here. http://www.scamwatch.gov.au/content/index.phtml/itemId/693900

More details information and advice is available on the Tax Office's new fact sheet. You can find it here: http://www.ato.gov.au/atp/content.asp?doc=/content/00183234.htm&mnu=47548&mfp=001/001