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Capital management of financial institutions and the related tax issues presentation #2
Published on 13 Feb 13 by NATIONAL DIVISION, THE TAX INSTITUTE
These presentations cover:
Basel III changes:
- overview and background – concept of regulatory capital; interaction with ratings capital; Basel III changes; how much additional capital banks globally will have to raise; and what banks around the world are doing
- Basel III changes - focus on Basel III changes; capital adequacy under new APS 111; what the different categories of capital comprise of; key features to qualify as Additional Tier 1 Capital and Tier 2 Capital; deductions from capital; transitional arrangements
Topical tax issues facing banks and insurance companies about capital management:
- Tier 1 capital issues in Australia – tax implications for the issuer and security holders including the implications for the issuer arising from Basel III non-viability clauses and the application of various anti-avoidance rules
- Tier 1 capital issues undertaken by foreign branches of Australian banks – issues for the bank including the application of s 215-10
- Tier 2 capital issues in Australia – tax implications for the issuer and security holders including application of the debt/equity rules.
Author profile
Anthony Frost CTA
Tony Frost in his first, 34-year career was one of Australia’s leading corporate tax advisers. He was, and still is, a lawyer and a Chartered Accountant. His clients included BHP Billiton, Macquarie Bank, Westpac Banking Corporation and the Commonwealth Bank of Australia. Before joining Greenwoods in 2003, he had been a tax partner at PwC for seven years. Prior to that, Tony spent five years working in-house at Westpac Banking Corporation. Throughout his tax career, Tony was a regular speaker at TTI events. Tony finished his tax career in 2018, after being Managing Partner, for seven years, of tax advisory firm Greenwoods & Herbert Smith Freehills, one of Australia’s most lauded professional service firms. Since 2019, and after completing a Master of Science in Coaching Psychology degree at the University of Sydney, Tony has been having a second career as an executive coach, mentor, leadership consultant, facilitator and trainer. He holds a number of non-executive company directorships and is the non-executive Chairman of the Leadenhall Valuation Services group. Tony is a graduate of the Australian Institute of Company Directors and now teaches the AICD’s prestigious Company Directors’ Course. Tony is also the author of The Professional: A Playbook to Unleash Your Potential and Futureproof Your Success, Tony has been a proud member of The Tax Institute for about 40 years.
- Current at
06 July 2026
This was presented at 2013 Financial Services Tax Conference .
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Individual sessions
Topical tax treaty issues for the financial sector
Author(s): Richard J VANNMaterials from this session:
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The attribution of income, losses and outgoings to foreign permanent establishments of Australian banks
Author(s): Ian FULLERTONMaterials from this session:
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Transfer pricing and funds management
Author(s): Damian PRESHAWMaterials from this session:
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Emerging regional issues (funds management)
Author(s): Daryl CHOO, Brian CHAMBERSMaterials from this session:
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The shifting Part IVA landscape
Author(s): Larry MAGID, James PETTIGREWMaterials from this session:
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Australian Taxation Office audits, risk identification, dispute
Author(s): Ashley KING, Andrew MCLOUGHLINMaterials from this session:
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GST and RITCs on trustee services
Author(s): Amelia O'Rourke, Bill PACKWOODMaterials from this session:
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Losses
Author(s): Julian HUMPHREYMaterials from this session:
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Capital management of financial institutions and the related tax issues
Author(s): Tricia HO-HUDSONMaterials from this session:
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The Rubik's Cube of tax - An update on trusts
Author(s): Andrew MILLS, Matt HARTSHORNMaterials from this session:
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New R&D regime in financial services
Author(s): Jamie MUNDYMaterials from this session:
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The promoter penalty regime - How the ATO ia applying it in practice
Author(s): Bruce COLLINS, Nathan FIRTHMaterials from this session:
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TOFA - A new world of economic substance?
Author(s): Phillip COLEMaterials from this session:
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Income tax case update
Author(s): Cameron RIDERMaterials from this session:
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Asset financing/thin capitalisation/infrastructure update
Author(s): Steve FORD, Arash AZIMIMaterials from this session:
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MRRT and Carbon Tax: Issues for financiers and funds
Author(s): Teresa DYSONMaterials from this session:
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