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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, CTA, Greenwoods &
Herbert Smith Freehills’ Managing
Director, is a tax lawyer and Chartered
Accountant, with a career spanning
more than three decades. During this
time, he has advised clients on a wide
range of matters, including financial
transactions, ATO audits and disputes,
and the tax aspects of mergers,
acquisitions and transfer pricing. Tony
has been closely involved in many
successful and unsuccessful tax reform
projects over the last 30 years or so,
including in his role as a key adviser to
the Australian Banking Association, and
also as an occasional adviser/consultant
to the Treasury, ATO and the Board of
Taxation. Before joining Greenwoods
in 2003, Tony was a partner in a global
chartered accounting firm and held a
senior position in a leading Australian
bank. Tony is a prolific author of tax
articles and seminar papers and is
regularly invited to speak at industry
events and conferences. He spent
15 years as a lecturer in the Master
of Laws program at the University
of Sydney. Tony is a Chartered Tax
Adviser of The Tax Institute, a member
of the Law Society of NSW and
Chartered Accountants Australia and
New Zealand, and a member of the
International Fiscal Association.
- Current at
01 November 2018
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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