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Steele's case - the saga continues
Published on 18 Mar 1999 | Took place at Hilton Hotel, NSW
The High Court handed down its long-awaited decision in the Steele Case on 4 March 1999. The majority decision determined the question of law in relation to the deductability of interest outgoings under the first limb of Section 5(1). However, a definitive decision was not made and the High Court ordered that the matter be remitted back the AAT.
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Individual sessions
Steele's case - the saga continues
Author(s):
Carlo MORETTI
This presentation outlines Steel's case : the High Court decision; the two issues : was the interest expense an outgoing of a capital nature? if not, was the interest expense within the positive limb of 51(1)?; and asks what are the consequences of Steele?
Materials from this session:
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Steele's case - the saga continues
Author(s):
Rob O'CONNOR
It discusses in detail the views held by each judge and what they considered in important when handing down the case.
Materials from this session:
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Steele in the High Court
Author(s):
Paul O'DONNELL
This presentation outlines Steel's case : The Facts; The Hearings; The Nexus Issue - the first positive limb; The Capital Issue; What Implications for Business; and Discount Losses on Bills and Notes
Materials from this session:
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