tax law

Interpreting statutory text — previously internal ATO mullings

The ATO’s Tax Counsel Network has long been in the business of closely studying and understanding tax law, and for most of its existence members of the network have shared their thoughts, logic and conclusions with each other. However since June 2015, the ATO and its network of Tax Counsels has been making its previously

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Tax agents, client confidentiality and whistleblower protections

The Tax Practitioners Board (TPB) recently hosted a webinar dealing with whistleblowing and confidentiality within the tax practitioner industry. The webinar — you can view a recording below (one hour CPD value) — explained a practitioner’s obligations in relation to confidentiality when making disclosures, situations that qualify for whistleblower protection and other options. The new

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PCGs versus binding advice – it’s the law, not the vibe

Practical compliance guidelines (PCGs) have been brought up as a topic for discussion at a number of recent forums, notably at consultation groups the ATO hosts, which can include representatives of tax, accounting and legal professional associations, industry bodies, the Board of Taxation, Treasury and the ATO. At the table of various consultative meetings is

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The ATO’s administrative treatment of retrospective legislation

Retrospective tax law changes take affect for a period before the date of enactment, once the legislation is passed. For example, legislation that came into law in the last half of 2017 now makes a reality a measure first proposed in the May 2017 Federal Budget. The “housing tax integrity” bill solidifies the government’s intention

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The evolution of reliable tax guidance

The way in which our tax laws operate with regard to tax revenue collection interactions between the ATO and Australian taxpaying citizens changed dramatically just over 30 years ago when the then Treasurer Paul Keating introduced the Taxation Laws Amendment Act 1986, which introduced a system of tax collection that to this day is referred

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Interpreting statutory text — internal ATO documents released

The ATO has released on its legal database a series of what until recently have been internal ATO documents. The release of these documents in an initiative that the ATO has labelled “iNOW!” (a contraction of “interpretation now”) and is, according to assistant commissioner Gordon Brysland, “a reinvention initiative to drive awareness on what is

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Private ruling application 21-point checklist

If a client asks you to apply to the ATO for a private ruling, you will need to: Download the appropriate private ruling application form. Complete the private ruling application form and attach all the required information. Lodge your application. You can find the private ruling application form here. Or use this streamlined form if

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10 key principles when interpreting contractual documents

The ATO has released on its legal database a series of what until recently have been internal ATO documents. The release of these documents in an initiative that the ATO has labelled “iNOW!” (a contraction of “interpretation now”) and is, according to assistant commissioner Gordon Brysland, “a reinvention initiative to drive awareness on what is

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