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Published on 02 May 2003 | Took place at Ascot Race Course, Perth , WA

This convention had a challenging programme with a range of talented and interesting presenters. It provided the opportunity to increase knowledge of the diverse and topical subjects covered including the general anti-avoidance provisions of Part IVA, estate planning and corporate restructuring.

Michael D'Ascenzo, Second Commissioner, Australian Taxation Office was the keynote speaker. Paul Abbey has an enviable reputation as one of the foremost tax practitioner's in the country and his presentation provided an invaluable guide to the new consolidation regime.

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

Individual sessions

The Phar Lap of Estate Planning

Author(s):  Ron DOIG This seminar paper looks at some of the more interesting and difficult issues of estate planning, ie. getting it right for wealthy and/or demanding clients. Topics discussed include:
- dealing with 'entity tax' yet having the advantages of testamentary trusts
- how the estate should work (morphing estates or bequests to trusts)
- reducing the chances of the deceased's wishes being thwarted
- impact of changes to the law, real or proposed
- integrating superannuation fund and trust assets into the plan.

Materials from this session:

The Steward's Inquiry - A Fair Tax System

Author(s):  Michael D'ASCENZO The number of court decisions involving Part IVA have increased in the last two years. With many of the decisions difficult to reconcile, are we any closer to understanding how Part IVA is meant to operate?

This seminar paper covers:
- how Part IVA is meant to operate
- recent decisions
- the prospect of further judicial guidance
- the common sense of the reasonable person.

Materials from this session:

Tax Structuring Issues for Business Migrants

Author(s):  Orlando J FERNANDES On 1 March 2003 there were major changes to Australia's immigration law in relation to business skills migrants. These changes will have implications for both tax and legal practitioners who are advising business clients that have recently migrated to Australia or are planning to migrate here.

This seminar paper considers the impact of the new migration law and regulation amendments on tax advice and business structuring options for migrants after the legislative changes on 1 March 2003.

Issues considered include:
- is the grant of permanent entry into Australia an indefinite right?
- when is a migrant considered a resident for Australian tax purposes?
- Have the immigration law amendments changed tax residency considerations for new migrants?
- Which business structures are acceptable and which are not?
- Are the exempt FBT benefits still available to the new provisional visa holders?
- Salary packaging of "Living Away from Home Allowances" under the new rules.

Materials from this session:

Corporate Restructuring

Author(s):  Paul ABBEY This seminar paper focusses on the income tax issues that arise from the restructuring of corporate groups. It examines some of the many CGT concessions available and also the impact of the consolidation regime.

- Behind the Barriers - Restructuring prior to consolidation
- Setting the Field - Re-organisation of consolidated groups
- Scratchings - Demerging entities from corporate groups
- When to wield the whip - When to act and consolidation transition issues.

Materials from this session:

Income Splitting through Contractor Entities

Author(s):  Gil LEVY With the now substantial gap between corporate and maximum personal tax rates, alienation of income is once again a major focus for practitioners and the ATO. This seminar paper provides an analysis of the history and the current grey areas including:
- a review of the cases, rulings and determinations to date
- an examination of the dichotomy between APSI rules, personal services business determinations and Part IVA
- where to from here?

Materials from this session:

Payroll Tax Issues - Amnesty on Contractor Payments

Author(s):  Fiona HALSEY WA Payroll Tax - State Revenue's Amnesty on Contractor Payments

- The Amnesty - what's in it for me?
- Addendum to Pt. 6
- Does it change the status quo?

Materials from this session:

Trusts - Hedging your bets

Author(s):  Colin MUNRO This seminar paper explores the uniquely Australian love affair with the trust including:
- how trusts are created
- some myths about the features of different types of trusts
- sub-trusts, resettlements and Section 109UB:ITAA97
- revaluations, exempt amounts and CGT Events D1,H2 and E4
- trusts as asset protection entities
- recent developments with trust structures (including developments in respect of service trusts)
- the future of trusts.

Materials from this session: