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Taxation of Clubs and Associations

Published on 23 Mar 2005 | Took place at NSW Leagues Club, Sydney , NSW

The decision of the Federal Court in the Coleambally Case (which is on appeal to the High Court) has emphasised the need for clubs and their advisers to be on top of tax issues. Careful tax management will ensure that clubs and associations remain financially healthy and continue to provide excellent service to their members. This seminar is designed to tackle some of the thornier tax (and accounting) issues which face club managers and their advisers in the next few years.

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

Individual sessions

The significance of mutuality: Coleambally and beyond

Author(s):  Alistair HALEY,  John MIDDLETON

Issues covered by this paper include:

  • the essence of Coleambally
  • mutuality in context, what does it mean for clubs?
  • Minister's press release
  • the ATO's policy.

This paper includes updates made by John Middleton for presentation at the 'Taxation of Clubs and Association' seminar held in Surfers Paradise on 9 August 2005.

Materials from this session:

Achieving tax exemptions

Author(s):  Michael BANNON

Issues covered in this paper include:

  • the range of exemptions available
  • the sporting club exemption
  • the community service exemption
  • obtaining exempt status
  • how to maintain exemptions
  • merger of clubs.
Materials from this session:

IFRS

Author(s):  Kaylene HUBBARD

Issues covered in this paper include:

  • what is IFRS?
  • what does it mean for clubs?
  • key impacts of the 'balance sheet approach'
  • what needs to be done to prepare?

This paper was also presented by Steven Lutz at the 'Taxation of Clubs and Associations' seminar held in Surfers Paradise on 9 August 2005.

Materials from this session:

Fringe benefits tax issues

Author(s):  Steven ROSENSTRAUSS

Issues covered in this paper include:

  • specific FBT issues for clubs
  • maximising the club advantage
  • the tie-in with tax exemption
  • FBT exposures.
Materials from this session: