Aussie tax man renews Serco contract

Outsourcing titan Serco has renewed its business process outsourcing contract with Australian tax man.

The five-year contract is worth $A140m ... before tax, which is around £90m in sterling. The contract has two one-year extension options and is worth about the same as the contract it replaces.

Under the terms of the contract, Serco, in partnership with the Australian Taxation Office and other suppliers, will be responsible for providing advice and responding to enquiries relating to tax numbers, refunds, business activity statements, debt management, return submissions and tax information packs.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

Serco is hopeful that there will be opportunities to expand these activities to support additional communication channels.

JH