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Managing your balance sheet paper

Member Price: $57.00
Non Member Price: $75.00

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Published on 24 Nov 22 by NATIONAL DIVISION, THE TAX INSTITUTE

This paper takes a practical look at the business balance sheet taking stock of and addressing issues that are visible but (potentially) not considered including:

  • Managing the ‘banking’ balance sheet – when and should asset revaluations be undertaken?
  • Refinancing (historical/growing) UPEs – Roberts Smith principle and – TR 2005/12
  • Protecting UPEs – Fischer v Nemeske Pty Ltd [2016] HCA 11
  • UPEs and Testamentary planning
  • Assignment/disposal/dealing in/with UPEs – what are the issues?
  • Div. 7A Loans and Death
  • Is there a positive side of Div.7A? and
  • Update on pending Div.7A changes.

Author profile

Chris Wookey CTA-Life
Photo of author, Chris WOOKEY Chris Wookey, CTA (Life) operates his own specialist tax consulting practice after previously having been a principal in the tax consulting division of Deloitte Private in Melbourne. A finalist in The Tax Institute’s Tax Adviser of the Year Awards for 2020 and 2022 and made a life member of The Tax Institute in September 2023, he has over 30 years’ experience in the chartered accounting profession and is a member of The Tax Institute’s national SME Technical Committee and had been its representative on the ATO’s Private Groups Stewardship Group from 2021 to 2022. Chris was also a member of the Board of Taxation’s Reference Group for its Review of Small Business Tax Concessions. His experience, centred on issues encountered by private groups, includes providing input to Treasury in relation to the proposed targeted amendments to the Div 7A integrity rules and participating in confidential consultations with the ATO in relation to the 2022 and 2023 developments in relation to section 100A. - Current at 29 January 2026
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