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Tax consolidation-Continual evolution paper
Published on 08 Oct 09 by VICTORIAN DIVISION, THE TAX INSTITUTE
The consolidation rules continue to evolve and present new challenges. This paper covers the evolution of tax consolidation over the past 12 months, including an analysis of:
- the nature, timing and purpose of the amendments to the tax consolidation legislation
- the practical consequences of those retrospective changes
- how the tax consolidation provisions have responded to key legislative and/or interpretive changes in other areas of the Tax Act.
Author profile
Richard Buchanan CTA
"Richard Buchanan CTA, is a partner in the M&A Tax team at Deloitte who specialises in the tax aspects of major infrastructure, real estate, private equity and corporate transactions. In these transactions, Richard leads teams that conduct due diligence, structuring, transaction document drafting and negotiation, liaison with regulatory authorities, model review and post-acquisition integration steps. Richard is also involved in a number of revenue authority engagements, including settlement negotiations, management of audits and risk reviews and private ruling negotiations. Richard first became a partner in 2005 at Deloitte (after beginning his career at Deloitte through university under the Deloitte cadet program). Richard was then approached to join Greenwoods & Herbert Smith Freehills (G&HSF) and was a partner at G&HSF for approx. 10 years until he was approached to join EY in 2016 (at which time Richard was the leader of the Melbourne office of G&HSF). In his time at a law firm, Richard was consistently recognised as one of Australia’s leading tax lawyers in external awards such as Chambers, Asia Pacific 500, Boyle’s and Legal Who’s Who. Richard rejoined Deloitte in December 2023 in the M&A Tax team. Richard is both a chartered accountant and a solicitor of the Supreme Court of Victoria. Richard is a fellow of the Taxation Institute of Australia and a member of the Law Institute of Victoria. Richard has an honours Commerce/ Law degree from Monash. Richard is a regular presenter at Tax Institute conferences, including the Financial Services Conference, the Victorian Tax Conference and the Infrastructure Conference on multiple occasions." - Current at 16 March 2026
This was presented at 48th Victorian State Convention .
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