One hundred of Australia's richest people have taken advantage of a rare amnesty from the Australian Taxation Office - issued in March this year - to reveal their use of secretive offshore tax havens without severe punishment.
There has also been a ''large number of expressions of interest'' in addition to those 100 people, according to the ATO's second commissioner of compliance, Neil Olesen.
The Australian Taxation Office introduced the so-called tax amnesty to encourage rich taxpayers with offshore assets to declare their interests and tax structures ahead of a global crackdown on international tax havens.
The initiative provides an amnesty for the rich - those with wealth of $30 million or more - with undeclared offshore income and assets.
It was designed to provide a ''last chance opportunity'' for those who had not declared their overseas assets and income for the last few years to come back into Australia's tax system before December 2014.
The story Australia's rich come forward to declare their offshore tax structures first appeared on The Sydney Morning Herald.