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Steele's case - the saga continues

Published on 18 Mar 1999 | Took place at Hilton Hotel , NSW

The High Court handed down its long-awaited decision in the Steele Case on 4 March 1999. The majority decision determined the question of law in relation to the deductability of interest outgoings under the first limb of Section 5(1). However, a definitive decision was not made and the High Court ordered that the matter be remitted back the AAT.

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Individual sessions

Steele's case - the saga continues

Author(s):  Carlo MORETTI This presentation outlines Steel's case : the High Court decision; the two issues : was the interest expense an outgoing of a capital nature? if not, was the interest expense within the positive limb of 51(1)?; and asks what are the consequences of Steele?

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Steele's case - the saga continues

Author(s):  Rob O'CONNOR It discusses in detail the views held by each judge and what they considered in important when handing down the case.

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Steele in the High Court

Author(s):  Paul O'DONNELL This presentation outlines Steel's case : The Facts; The Hearings; The Nexus Issue - the first positive limb; The Capital Issue; What Implications for Business; and Discount Losses on Bills and Notes

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