A 34-year-old Lavender Bay man has been arrested and charged in relation to the alleged conspiracy to defraud the Commonwealth of taxation revenue totalling more than $165 million.
It will be alleged that the man was a former director of the payroll company who continued to manage it during the conspiracy.
The man was arrested on his return to Australia, from overseas, yesterday.
This arrest brings the total number of people charged in relation to this operation to 10.
Yesterday, the Australian Federal Police and Australian Taxation Office revealed they had been probing the alleged conspirators since June 2016.
At a press conference yesterday, the AFP and ATO announced and issued with a court attendance notice.
Lavender Bay is one of Sydney's postcard locations, located next to the Harbour Bridge.
The maximum penalty for this offence is 10 years' imprisonment.
More to come.