Practical implications arising from changes in the Australian transfer pricing legislation presentation

Published on 17 Oct 12 by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE

The current and proposed changes to the transfer pricing legislation have potentially significant implications for many taxpayers that will need to be addressed. This presentation provides an overview of the background and drivers for the legislative changes as well as the practical implications and actions that may be required by taxpayers.

The presentation covers:

• background and drivers for change in the Australian transfer pricing legislation
• implications for historical and future  transfer pricing positions
• taxpayer profiles and  "trigger transactions" impacted by the legislative changes
• treaty partner considerations
• transfer pricing documentation and disclosure requirements.

Author profile

Paul Balkus

Paul is the co-leader of Ernst & Young’s Oceania Transfer Pricing practice. He has over 20 years experience in the field of tax and transfer pricing including significant experience in servicing clients across most industries including financial services, mining and resources, pharmaceutical and fast moving consumer goods. Paul has been involved in all aspects of transfer pricing including advance pricing arrangements, dispute resolution, planning and documentation. More specifically, Paul’s experience has included addressing transfer pricing issues in connection with inter-company arrangements involving supply chain restructuring arrangements, global funds management, credit and performance guarantees, global trading and intercompany financing. - Current at 14 July 2017

More by Paul BALKUS

• ATO rulings on new transfer pricing legislation: What are the practical implications for taxpayers’ compliance and reporting obligations? paper - 22-May-2014
• Will your current approach to transfer pricing compliance meet the new legislative requirements? paper - 26-March-2014
• Transfer pricing legislation reform – tranche 2: What does it mean for taxpayers? - 01-August-2013
• Transfer pricing legislation reform - Tranche 2: What does it mean for tax payers? paper - 20-June-2013
• Key developments in the taxation of business profits from a transfer pricing perspective paper - 19-May-2011
• Thin capitalisation including the impact of falling asset values paper - 12-February-2009
• The evolution of supply chain management - 01-October-2008
• Transfer pricing issues in a financial services organisation seminar paper - 19-March-2004

Click here to expand/collapse more articles by Paul BALKUS.