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HWI audits: the long and winding road paper


HWI audits target a particular segment of the community, thus are approached by all concerned differently to other types of audits. HWI audits have a different dynamic; a different cadence. Between the initial questionnaire from the ATO to the final settlement deed or court decision, many things can, and do, happen. Don’t expect things to be resolved quickly: they rarely will be. This paper takes you through the life-cycle of a “typical” HWI audit (if there is such a thing) and will cover the following:

  • who are the targets of HWI audits and why?
  • let’s get it straight: the ATO is not there to help
  • audit process management - the do’s and don’ts
  • who should or should not be involved
  • establishing positions
  • access to documents - by the ATO and from it
  • “know when to fold them, know when to hold them, know when to walk away, know when to run” - negotiations and settlement
  • when to stand and fight it out before the AAT or courts.

Author profile

Paul Sokolowski CTA
Photo of author, Paul SOKOLOWSKI Paul is a Partner at Arnold Bloch Leibler and the Practice Leader of the firm’s taxation practice. He provides strategic and technical advice to a diverse range of Australian and international clients, including high net worth individuals, some of Australia’s largest family groups and public companies. Paul regularly acts in significant and complex audits, disputes and litigation. - Current at 28 July 2016
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This was presented at 45th Victorian State Convention: Finding buried treasure .

Get a 20% discount when you buy all the items from this event.

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