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DIV 7A - A Brave New World

Published on 18 Jun 2008 | Took place at RACV Club, Melbourne, VIC

This event looked at various uncertainties surrounding Div 7A, particularly issues arising from the pre and post 30 June 2008 amnesty - the date of the Comissioner's amnesty in PS LA 2007/20 for Div 7A.

Individual sessions

DIV 7A - A brave new world

Author(s):  Arthur ATHANASIOU

Aldous Huxley's novel of the same title portrays a disturbing view of a future utopia gone wrong. Could Div 7A be heading the same way? The Commissioner's amnesty in PS LA 2007/20 for Div 7A expires on 30 June 2008. What happens after that? What about pre-Div 7A or post-Div 7A issues that haven't been dealt with yet? What strategies should your client adopt in approaching the ATO for the Commissioner to exercise his discretion?

This paper considers these issues and illustrates some of the pitfalls but also suggests some real solutions to real Div 7A problems through the use of case studies.

Materials from this session: