Seminar and Convention papers from all Taxation Institute events are available online to be downloaded in PDF format.
Seminar papers and presentations
The Tax Institute runs over 300 CPD seminars a year and the majority of our speakers dedicate considerable time and effort in preparing and writing papers and presentations. All papers and powerpoint presentations provided by the speakers from our seminars are available through the website individually or through a Tax Knowledge eXchange subscription.
Finding a paper or presentation
To find a paper you can either scroll through the list at the bottom of this page or use the right hand side Paper Search to refine your search criteria. Enter Keyword, State of Event and Date Range. For a more detailed search use our Advanced Search facility.
10 Jul 2020 |
The trust loss provisions contained in Schedule 2F of the 1936 Tax Act as they relate to family trust elections are extremely complex and there are harsh consequences for entities and their directors in making distributions outside the family group. This part looked at:
- when may a family trust election (FTE) or an interposed entity election (IEE) need to be made?
- what are distributions?
- who is part of the ‘family group’?
- who is liable to pay family trust distribution Tax?
- varying test individuals and revoking FTEs and IEEs
- passing control of trusts on death and dealing with FTE issues.
Trusts Intensive Series - Part 3: Developments in the interpretation and application of section 100A07 Jul 2020 | Online | National
This session delved into:
- why are there so few cases in respect of this provision?
- ordinary family or commercial dealings – Just what does this cover in the context of section 100A?
- what if your family is the Adams family?
- interface of Bamford and S100A – is there one?
- interface of a conditional appointment/distribution by a trustee and S100A.
06 Jul 2020 |
Three years further on and the twins wish to acquire another property so they can have a controlling interest in a property each. So, they seek your help to restructure the ownership of the farm taking into account they may need finance assistance from family members.
Three years later, both Tom and Danny have settled down in long-term relationships. Their farming business has been quite successful in spite of the drought but given the change in their personal situation the shared house is no longer practical plus they would like to expand their operations.
They have agreed that Tom will remain in the current home and Danny will look at moving into the house on the new property they would like to acquire. Further, Danny intends to finance the new property by selling down to 20% of Tom’s farm and Tom will take 20% of Danny’s new farm.
To finance the purchase, Dad has offered to help and wants to consider how he may do this. He has money in super, which is currently invested in ASX listed shares, but is conscious of helping each son equally.
Eve has moved home since finishing her degree and has been working on Mum and Dad’s farm. She received her inheritance under the testamentary trust 12 months earlier and has left it to one side until she decides what to do with it. The twins have also started discussions with her regarding buying into their farms, but she knows Mum and Dad are getting older and really need her help.
Billy has no interest in farming and now works with Rosie in her coffee shop. He knows he still 12 months away from receiving his inheritance and hopes to be a small business owner.
2020 YTP Series - Part 3: Business Solvency - Salvaging what you can! Tax and accounting considerations!06 Jul 2020 | Online | National
When a business is struggling to survive “accounting and tax issues” seems pretty low on the “must do” list. With a focus on tax issues and the balance sheet, this webinar outlined things to consider earlier rather than later in order to reduce your client’s exposure and save what you can.
03 Jul 2020 |
Australians love trading through trusts. In a tough trading environment, we will be seeing trust insolvencies. In this session David talked about some of the peculiarities of broke trusts, including:
- is the broke trustee automatically sacked?
- if not, should the trustee be sacked and replaced?
- how does the trustee get refunded amounts it owes or has paid to creditors?
- what if the trustee also traded personally, or as trustee of another trust?
- getting the liquidator or bankruptcy trustee paid, and whether there is GST on remuneration
- other ways in which the ATO and SRO might get a jump on other creditors.
29 Jun 2020 |
Two years later, and both the farming operations and the new coffee shop have been successful, even though there hasn’t been much rain in the last few months.
Two years in, and the coffee shop has survived and turned its first profit. Rosie comes to you for some tax planning assistance.
Tom and Danny have also been going well with the guidance of Mum and Dad. They have made profits the last two years and see further help on their tax planning. Unfortunately, the area has had limited rain in the past 4 months, and it is predicted this may continue for some time.
26 Jun 2020 |
Although Division 7A has been around for over 22 years, views on its operation are still evolving. Areas of current focus include the treatment of UPEs, loan assignments, capitalisation of unit trusts and the application of the interposed entity rules. These focus areas may give rise to key risks and issues for common transactions. This session outlined some of those issues and provide practical insights in to both the advantages and disadvantages of Division 7A for common transactions. This part also considered the management of Division 7A obligations in the context of COVID-19.
25 Jun 2020 |
Establishing a life interest in a deceased estate was once a popular estate planning strategy. With the increase in blended families and different competing interests for capital and income, life estates are again topical. This webinar explored the following aspects of life interests:
- asset protection
- choice of trustee
- renouncing a life interest
- competing interests of income and capital beneficiaries
- family trust elections
- death of the life tenant and vesting of the trust.
2020 Private Business Online Series Part 1: Technology, tax, and the transformation of the profession24 Jun 2020 | Online | National
During the COVID-19 crisis and the adoption of widespread work-from-home arrangements, it has become apparent just how heavily dependent we are on technology, and what a vital tool it is for any business or tax practice. In this session, Alan led us down the path of technology developments, from basic pebbles through to Artificial Intelligence, including:
- the rise of ‘clever’ tax tools with in-built additional capabilities that go beyond form-fillers
- data analytics capability of tax solutions
- the use of technology to leverage tax data
- eInvoicing and capturing tax data at the source (POS)
- the evolution of indirect tax capture
- automating the automatable and creating a more efficient tax preparation process.
Trusts Intensive Series - Part 2: Capital Gains and Foreign Beneficiaries of Australian Trusts: What Do We (and Don’t We) Learn from Peter Greensill Family Co v FCT  FCA 559?23 Jun 2020 | Online | National
Peter Greensill Family Co v FCT  FCA 559 holds that capital gains of a resident trust from non-TAP assets do not escape Australian taxation by being distributed or attributed to a non-resident beneficiary. This webinar worked through the key issues for taxpayers and the policy and history of the legislation, including potential treaty issues and points not addressed in the judgment.