Company Information

Get to know plutus payroll australia

Plutus Payroll Australia Pty Ltd was established as a payroll contractor company, ostensibly providing services to manage payroll, tax, and superannuation for independent contractors and their employers. In reality, the company was the primary vehicle for a massive and sophisticated criminal syndicate that defrauded the Australian Taxation Office (ATO) of more than AUD $105 million between 2014 and 2017. The scheme involved accepting gross payments from employers, paying contractors their net wages, and then siphoning off the Pay-As-You-Go (PAYG) withholding tax and Goods and Services Tax (GST) that was due to the ATO. The company was placed into liquidation in 2017 following a major investigation by the Australian Federal Police and the ATO, leading to the arrest and conviction of its key directors and conspirators.

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Financial PaymentPRIMARY
Financial Other Service

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plutus payroll australia

Australia

Founded in

2014 (12 Years)

Founded

Last online: No recent activity

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

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BVI FSC

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.