ATO refers hundreds of thousands of taxpayers to a private debt collector – including people on Centrelink benefits
https://www.theguardian.com/australia-news/2025/oct/27/ato-tax-repayments-debt-collector

The ATO is handballing thousands of people to Recoveriescorp. This misstep by the ATO is going to have disastrous consequences, like we saw with RoboDebt.

Recoveriescorp is a debt collector that's funded by private equity.

The business-model for private equity is buy-up other companies. This buy-up generates a massive debt. Companies that get consumed by a private equity firm are usually saddled with that debt. But, the reason those companies were up for sale is they were in bad shape. Now they've gone from underperforming to being in existential crisis. Their primary motivation becomes making as much money as possible, as quickly as possible, and by any means possible. Recoveriescorp is desperate to make money, and will hit anyone to make a buck.

What kind of company is Recoveriescorp?

Follow the money!

Recoveriescorp is owned by Nutun Australia Holdings Pty Ltd, which is part of Dove Bidco Pty Ltd, which is a wholly owned subsidiary of Allegro Funds Pty Ltd.

Clear as mud.

How about Allegro Funds?

Back in January 2023, news emerged that PwC had been leaking secret Australian Government tax plans to corporations for up to ten years. PwC had abused its position as consultants to the Australian Government. Additionally, PwC ran what appears to me is a sham investigation to cover-up their own dirty deeds. (For more info, see https://en.wikipedia.org/wiki/PwC_tax_scandal).

As the result of this scandal, PwC lost A$680 million, about 20% of its overall income.

To extricate itself from the disaster of its own making, PwC spun-off the part of its business responsible for the acursed "Government Services". That was in June 2023. (For more info, see https://www.abc.net.au/news/2023-06-25/pwc-appoints-new-ceo-will-sell-off-government-business/102521482). The core of new company was 117 former PwC partners, then filled-out with more than 1,500 other PwC staff. It was named Scyne Advisory.

In November 2023, PwC sold Scyne Advisory to Allegro Funds for $1.

You read that right: one dollar.

Now Recoveriescorp, owned by Allegro Funds and haunted by the ghost of Scyne Advisory (née PwC), has a fresh deal with the Australian Taxation Office. The ATO hasn't learned anything from its past mistakes. They did a deal with Recoveriescorp to act as a debt collector and try to claw money from people on Centrelink.

#AusPol #RoboDebt #ATO #AustralianTaxationOffice #Centrelink #Recoveriescorp #PwC #ScyneAdvisory #AllegroFunds