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Professional firm structuring & professional firm allocation of profits paper
Published on 28 Apr 21 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
This paper covers:
- Structuring professional practices—ATO’s 2015 Guidelines (withdrawn in 2017)
- Draft PCG 2021/D2
- Worked examples & commentary.
Author profiles
Marg Marshall CTA
Marg Marshall, CTA, is a Partner at WLF Accounting & Advisory in Hobart. She has over 25 years’ experience in tax advisory at a technical level. Marg advises clients of all types from individuals to large, listed entities, specialising particularly in transaction and structuring advice, capital gains tax, not-for-profit tax concessions and deceased estates. She has been a member of the Tasmanian State Council since 2013. Marg is the Immediate Past President of The Tax Institute. She is also a member and past Tasmanian regional councillor of Chartered Accountants Australia and New Zealand. She regularly participates in tax law consultations and often presents for The Tax Institute. - Current at 24 May 2024Paul Banister CTA
Paul Banister, CTA, is a Chartered Accountant and a Partner at Grant Thornton in their Private Enterprise team in Brisbane. He has over 40 years’ experience working with clients in an array of industries to help them navigate through complex and potentially risky tax and commercial issues, including to address tax disputes. His expertise includes domestic and international tax planning, transaction advisory and support, superannuation structuring and advice, succession planning, estate planning and philanthropy. Paul has presented at many professional and business forums, both in Australia and internationally, and is a published author. Paul is the Vice President of The Tax Institute and was the recipient of The Tax Institute’s SME Tax Adviser of the Year Award for 2016.
- Current at
13 February 2026
Gavin Favelle CTA
Gavin is a Technical Director with the ATO in the Private Groups and High Wealth Individuals segment. Gavin has significant experience both with the ATO and within accounting practices in structuring, Division 7A and capital gains tax, trusts and tax consolidations focusing on both the SME market and large businesses. - Current at 15 June 2022
This was presented at 2021 Barossa Convention .
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Individual sessions
Unique COVID FBT issues
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Corporate residency and private groups
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Individual Residency, with consideration of COVID implications
Author(s): Danielle EllershawMaterials from this session:
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State tax update
Author(s): Paul INGRAMMaterials from this session:
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ATO Rulings on travel expenses
Author(s): Megan FIELDMaterials from this session:
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CGT Main residence exemption – A look at impacts for foreign residents
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Lost in (company) losses
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Tax Policy and Advocacy Update
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Opportunities for attracting capital and incentivising staff
Author(s): George HODSON, Fiona StapletonMaterials from this session:
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Professional firm structuring & professional firm allocation of profits
Author(s): Marg Marshall, Paul BANISTER, Gavin FavelleMaterials from this session:
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Estate and Succession Planning
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Discretionary Trusts – Issues: New and old
Author(s): Julie VAN DER VELDEMaterials from this session:
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The Post-COVID wasteland impacting SME deals
Author(s): Simon HOWMaterials from this session:
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