Published on 01 Jun 03
by "THE TAX SPECIALIST" JOURNAL ARTICLE
As retail investors have flocked to the increasing number of capital protected investment products, the ATO has taken steps to limit deductions from these products. The Government has now announced a change in legislation. This article explains the methods for delivering capital protection and looks at the ATO's response to the products. Article by Jamie Marley.
Jamie is a Senior Manager in the structured finance division of Macquarie Bank's Investment Banking Group. He has been involved in the development of a range of Macquarie's retail investment products and has played an important role in dealings with the ATO in relation to those products. More recently, Jamie has been involved in
taking some of the technology to overseas markets. Prior to joining Macquarie Bank, Jamie worked in the PricewaterhouseCoopers tax division, both in Australia and overseas.
Current at June 2003
- Current at
19 November 2004