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In preparation for the ATO's NTLG meeting on 31 March 2010, the Taxation Institute's Vice President, Peter Murray FTIA (KPMG), Angie Ananda FTIA and I participated in a teleconference organised by the ATO on Tuesday, 23 February 2010 to discuss the priority of issues raised. Issues on the agenda include:

  • Provision of further guidance in relation to the operation of the new employee share scheme provisions;
  • The Report of the Commonwealth Ombudsman "Australian Taxation Office - use of 'access without notice' powers";
  • The use of ATO discussion papers;
  • Timing of consultation pre Christmas consultations;
  • The Widely Based Settlement Panel
  • Exposure draft legislation on amendments to Corporations law to improve Australia's corporate reporting framework;
  • TFN withholding on distributions from closely held trusts; and
  • Protocols applying to pilot programs.

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