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The New Part IVA Amendments: A Practitioners' Perspective

Published on 10 Dec 2012 | Took place at Clayton Utz, Melbourne , VIC

    The significant amendments to the general anti-avoidance provision (Part IVA) foreshadowed since 1 March 2012 have been made available for public scrutiny after a long gestation period. Draft legislation was released on Friday 16 November 2012 (and intended to apply from that date) and it can be anticipated that there will be little change to the draft provisions as they have been the subject of consultation with a select group of experienced practitioners forming the Assistant Treasurer's round table and review by external counsel.
    Tax practitioners, whether big end or SME focused, will need to quickly come to grips with the new anti-avoidance rules. This presentation deals with issues such as:
  • what do the changes mean for conventional tax planning?
  • what different approach do tax advisers need to take under the new measures?
  • what do the new rules mean for financing transactions?
  • which cases would now be decided differently under the proposed new rules?
  • what will be the practical impact for SMEs?
  • the next steps in the process.

Individual sessions

The new Part IVA amendments: A practitioners' perspective

Author(s):  Niv TADMORE

The significant amendments to the general anti-avoidance provision (Part IVA) foreshadowed since 1 March 2012 have been made available for public scrutiny after a long gestation period. Draft legislation was released on Friday 16 November 2012 (and intended to apply from that date) and it can be anticipated that there will be little change to the draft provisions as they have been the subject of consultation with a select group of experienced practitioners forming the Assistant Treasurer's round table and review by external counsel.

Tax practitioners, whether big end or SME focused, will need to quickly come to grips with the new anti-avoidance rules. This presentation deals with issues such as:

  • what do the changes mean for conventional tax planning?
  • what different approach do tax advisers need to take under the new measures?
  • what do the new rules mean for financing transactions?
  • which cases would now be decided differently under the proposed new rules?
  • what will be the practical impact for SMEs?
  • the next steps in the process.
Materials from this session: