An ATO audit revealed that a taxpayer failed to provide credible explanation for almost $2.5M funds in her possession. The Federal Court affirmed AAT’s decision to panelise the taxpayer for intentional disregard of taxation law. Nguyen and Commissioner of Taxation (Taxation) [2016] AATA 1041 http://www.judgments.fedcourt.gov.au/judgments/Judgments/fca/single/2018/2018fca1420