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Consolidation: how aware are you of the issues?
Published on 15 Feb 01 by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
This paper discusses issues involved in consolidation, including: A corporate perspective; What happens if you don't consolidate?; Why you should defer/not defer consolidating groups; Are trusts able to be included in consolidated groups?; Should a holding companies and subsidiaries pay out dividends pre-consolidation?; Should companies be liquidated before consolidation commences? What is the difference between acquiring assets or acquiring shares in a target, under the consolidation regime?
Author profile
Michael Barbour CTA
Michael Barbour, CTA is Group Head of Tax, Group Taxation for the Westpac Group. Michael is responsible for the Group's global tax management and strategy. This includes overall responsibility for tax policy, risk management and strategic issues affecting the Group, and areas such as Capital Management, Group Treasury, Mergers and Acquisitions, as well as Human Resources. Michael has been with Westpac for more than twenty years, beginning in 1998 as Tax Controller and moving into Head of Group Tax in 2001. He also has in-depth accounting firm experience having worked with Coopers & Lybrand, Deloitte Touche Tohmatsu and Price Waterhouse. Michael also has considerable experience in dealing with domestic and global tax issues affecting the financial services sector. In particular, he engages on industry issues through the Australian Bankers’ Association and directly with Federal Treasury through various consultative groups. Internationally, Michael chairs the Tax Working Group for the International Banking Federation. Michael received the Corporate Tax Adviser of the Year award in 2017, for being a prominent tax professional in the corporate environment. Michael holds a Master of Laws, University of Sydney, 1992, Bachelor Legal Studies, Macquarie University, 1987 and a Bachelor of Financial Administration, University of New England 1982. - Current at 30 October 2023
This was presented at Consolidation: How Aware are you of the Issues? .
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Individual sessions
A Background to the New Consolidation Regime
Author(s): David J WILLIAMSMaterials from this session:
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Consolidation: Overview
Author(s): Christopher CATT, Jim MCMILLANMaterials from this session:
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Bringing Losses into a Consolidated Group on Joining
Author(s): Mark FERRIERMaterials from this session:
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How to Utilise Losses Within a Consolidated Group
Author(s): Tony COOPERMaterials from this session:
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The Impact of Consolidation on the Tax Values of Assets
Author(s): David WATKINSMaterials from this session:
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International Aspects of Consolidations
Author(s): Alf CAPITOMaterials from this session:
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Consolidation: How Aware are you of the Issues?
Author(s): Michael BARBOURMaterials from this session:
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