Retail banking update paper

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

Lawrence Magid

Larry has been a Tax Partner at Allens for over 30 years. He specialises in corporate and international taxation including, in particular, financing issues, capital raising and company distributions. He has represented the Law Council of Australia in consultations with government on Part IVA (as well as on the NTLG Finance & Investment Subcommittee) and was a member of the Roundtable which advised Treasury on the amendments made to Part IVA in 2013. He was also a member of the Board of Taxation working group which conducted the post-implementation review of Div 974. - Current at 08 March 2016