Published on 06 Apr 06
by NATIONAL EVENTS, TAXATION INSTITUTE OF AUSTRALIA
Section 51 has been one of the most litigated provisions of our tax legislation. In 1997 it was replaced by section 8-1. This paper covers how these provisions have been interpreted and applied by the ATO and by the Courts since 1997 including consideration of:
general deductibility - what has happened since 1997?
demarcation or boundary issues with the remainder of the legislation
timing of deductibility issues
purpose and when it becomes relevant
how does all this fit with the Consolidation Regime?
Allan Blaikie CTA
Allan Blaikie FTIA joined Clayton Utz in 1986, and heads the firm’s taxation team. With 30 years’ experience (including over a
decade as a chartered accountant), Allan’s advice is highly valued by leading Australian and international companies in the financial
services and property sectors, as well as those in manufacturing and distribution. Allan has served on numerous Taxation Institute and
government committees, is a frequent speaker at industry events, and has also published and lectured extensively. Current at 06 May 2009
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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