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Pass go and collect $200 – How to pass the aggregated turnover test and access tax savings presentation

Published on 19 May 22

It seems that many of Australia’s recent tax changes (and incentives) will limit the aggregated turnover test’s application to taxpayers below a certain aggregated turnover.

In this session we explore:

  • What is aggregated turnover, including the meaning of connected and associated entities
  • What aggregated turnover thresholds apply to recent tax changes, including the loss carry back rules
  • What a taxpayer should consider at year end to utilise the loss carry back rules

Author profiles

Marcus Polovineo
Marcus is an experienced taxation practitioner, and a Manager at HLB Mann Judd having joined them in 2011. Through broad client exposure Marcus has established extensive tax and commercial knowledge with a practical, client-based approach. He has expertise in funds management and investment entity tax issues, including assisting businesses and funds with distribution analysis and calculations as well third-party reporting and other compliance obligations. He also has experience in advice and compliance with the Australian Research & Development Tax Incentive; and assisting businesses with complex tax matters such as income recognition, transactions and tax consolidation. In 2019, Marcus was a winner of the Specialist Consultant award at the Accountant’s Daily “30 under 30” awards. He was also a finalist in the tax compliance category. - Current at 16 June 2022
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Lauren Hill FTI
Lauren Hill (nee Whelan), FTI, is a partner with Mazars who practices in tax consulting, specialising in tax issues facing multinationals. She has extensive experience in corporate taxation, advising businesses (both publicly and privately owned) across a range of industries including property, freight forwarding and waste management. Lauren has worked with the tax institute in the past including the blue journal, NSW Tax Forums and Transfer Pricing Conferences. - Current at 13 February 2023
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This was presented at NSW Tax Forum .

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