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HWI audits: the long and winding road paper

Published on 06 Oct 06 by VICTORIAN DIVISION, THE TAX INSTITUTE

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

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This was presented at 45th Victorian State Convention: Finding buried treasure .

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