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Tax consolidation law changes - Counsel & practitioner perspective presentation
Published on 14 Oct 10 by NATIONAL DIVISION, THE TAX INSTITUTE
This presentation covers:
- TLAB No. 1 amendments (refer handout)
- recap tax cost setting process
- use of tax cost setting amount (TCSA)
- right to future income (RTFI)
- separate asset rule
- examples:
- long term construction contract
- health insurance
- agreed terms and conditions
- residual assets.
Author profiles
Peter Murray CTA-Life
Peter is the leader of the firm’s Tax Division. Peter was previously a Senior Tax Partner at KPMG, with 30 years’ service.
Peter specialises in tax issues impacting listed and privately owned corporate groups and managing tax disputes.
His specific areas of specialisation include corporate group reorganisations, mergers and acquisition, including domestic, inbound and outbound investment, thin captalisation and debt/equity, capital/revenue characterisation, tax consolidation, repatriation of profits, trusts, application of the general anti-avoidance rules (GAAR), and tax risk management and dispute resolution.
More recently Peter has been advising on the tax implications of investing in cryptocurrencies and initial coin offerings.
Peter has been listed in The Best Lawyers in Australia in tax law every year since 2013. He is also a recommended tax lawyer in Australia and a leading tax lawyer in Victoria in Doyle's Guide to the Legal Profession.
He is a Life Member (CTA) of The Tax Institute, Fellow of the Institute of Chartered Accountants in Australia and New Zealand and Member of the Australian Institute of Company Directors.
Peter is currently a member of the ATO General Anti Avoidance Rule (GAAR) Panel and a past President of The Tax Institute.
(Kathy updated for Tax and Innovation Day)
- Current at
24 August 2018
Colin Jones CTA
Colin is a Partner in Ernst & Young’s Tax Consulting group. Colin has over 18 years’ experience in tax advisory, structuring and compliance, specialising in income tax issues impacting both Australian and foreign-owned groups. Colin has extensive experience in the practical application of the tax consolidation law to consolidated group formations, M&A transactions, group restructures and consolidated tax returns. - Current at 25 November 2011Michael Flynn KC CTA-Life
Michael Flynn KC, CTA (Life), is a Barrister at Owen Dixon Chambers West, specialising in taxation, and was National President of The Tax Institute in 2014. Michael has appeared in many leading taxation cases in the Federal Court and the High Court and has been a member of various committees of The Tax Institute over the past 25 years.
- Current at
30 November 2023
This was presented at 5th Consolidation Symposium .
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Individual sessions
Tax consolidation law changes - Counsel and practitioner perspectives
Author(s): Colin JonesMaterials from this session:
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Tax consolidation law changes - Counsel and practitioner perspectives
Author(s): Michael FLYNNMaterials from this session:
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Tax consolidation law changes - Counsel and practitioner perspectives
Author(s): Peter MURRAYMaterials from this session:
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Rights to income and other new deductions
Author(s): Andrew WOOLLARD, Wayne PLUMMER, Nigel SmytheMaterials from this session:
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Specialist industries - Resource groups
Author(s): Andrew VAN DINTERMaterials from this session:
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Merger & acquisition transactions - Accounting issues
Author(s): Kris PEACHMaterials from this session:
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Merger & acquisitions transactions
Author(s): Richard HENDRIKSMaterials from this session:
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Financial services: TOFA and consolidation
Author(s): Mark GOLDSMITH, Mark POOLEMaterials from this session:
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SMEs and tax consolidation
Author(s): Alexis KOKKINOSMaterials from this session:
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International tax including MECs
Author(s): Vivian CHANG, Peter COLLINSMaterials from this session:
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Compliance - ATO perspective
Author(s): Scott BurrowsMaterials from this session:
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The future of consolidation
Author(s): Ken SPENCEMaterials from this session:
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Post implementation review of certain aspects of the consolidation regime
Author(s): Keith JAMESMaterials from this session:
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Further details about this event:
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