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LatestGoods & Service Tax (GST) 22 July 2026

Sydney Student's $5M Fraud

A Sydney-based international student allegedly made $5 million in fraudulent GST refund claims for luxury watches by altering bank documents and repeatedly seeking refunds for ineligible goods, police allege. The student was caught after search warrants were executed in Sydney's CBD.

Police allege a Sydney-based international student made $5 million in fraudulent *GST* refund claims. The student allegedly altered bank documents and repeatedly sought *GST* refunds for ineligible goods, including luxury watches.
- The student was caught after search warrants were executed in Sydney's CBD.
- Police claim the student made the fraudulent refund claims over a period of time.
The allegations are currently being investigated by the authorities.

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