Last Friday Second Commissioner of Taxation Bruce Quigley gave a speech to the Tax Institute of Australia in Tasmania. He let a sizeable cat out of the bag, telling his audience that in one case a $242million dollar assessment was raised against a high wealth individual involved in Operation Wickenby.

The tax office refuses to identify the individual concerned, citing privacy and tax secrecy concerns. A spokesman for the Commonwealth Director of Public Prosecutions told Crikey they were unaware of the matter.