The Tax Institute’s 2012 National Resources Tax Conference, Oct 17-19, Perth
Western Australia Treasurer, Hon. Troy Buswell MLA, will be among the keynote speakers who will present on tax issues faced by the resources sector at The Tax Institute’s 2012 National Resources Tax Conference being held in Perth this week.
With Western Australia’s mid-year financial review due in December, the Treasurer’s address on the Friday of the three-day conference is being keenly anticipated by industry observers.
The Tax Institute’s Len Hertzman said the conference, to be held at the Perth Convention & Exhibition Centre, 17-19 October, will be an important opportunity to hear from some of Australia’s leading experts on tax.
"There are many important taxation issues facing the resources industry and mineral rich states such as Western Australian presently, not least the recent fluctuations in commodity prices and the exchange rate,” Mr Hertzman said.
“The Tax Institute’s event will be a timely opportunity for leading tax advisers in the resources sector to get some valuable insights into the implications of these factors as well as the impacts of recent changes to tax law.”
Mr Hertzman said the Treasurer will be joined by some of Australia’s leading tax specialists in the resources sector who will cover issues such as the introduction of the Mineral Resource Rent Tax (MRRT), the extension of the Petroleum Resource Rent Tax (PRRT) and changes involving exploration and farm-ins.
The ATO’s Deputy Commissioner of Taxation, Stephanie Martin, will discuss the implementation of the resource rent taxes, the MRRT and the PRRT, and outline the ATO’s approach to the administration and compliance.
The keynote address will be delivered by John deWijn QC, of the Victorian Bar, on how practitioners best prepare for a tax dispute while tax lawyer Kris Gale will examine the implications of the new Research & Development Tax Incentive for the resources sector.
The conference will also focus on issues relating to joint ventures, exploration and international issues such as globally mobile employees and investment overseas.
Located in Perth, the conference will be attended by a wide cross-section of the nation’s energy, mineral and gas industries as well as the tax advisers to the resource sector.