The ATO has devised a training presentation on retention of refunds for its internal purposes. It has been made publicly available at the request of professional bodies who indicated that it may be of use to tax practitioners with similar training requirements.
The presentation focuses on s 8AAZLGA of the Taxation Administration Act 1953 and its related amendments.
The main topics include:
- the law and practices before the Full Federal Court decision in FCT v Multiflex Pty Ltd  FCAFC 142.
- the decision in Multiflex and the impact of that decision
- the operation of the consequent legislation.
To access the presentation, go here