Published on 25 Mar 2013
| Took place at Ashurst, Brisbane
The "new" Part IVA is proposed to introduce a "tax effects" element - this seminar discussed what it might mean for the application of Part IVA going forward. All transactions on or after 16 November 2012 will need to address the impact.
Understanding the new Part IVA
Author(s): William (Bill) D THOMPSON
This paper covers:
development of jurisprudence on Part IVA
changes to the 'Reasonable Expectation Test'
framing and proving the alternative postulate
exclusion of Assessable Income Tax Benefit - The 'Do Nothing' Alternative Postulate
allowable Deduction Tax Benefit – Alternative Postulate
the Commissioner's Grievances with the Alternative Postulate
basis of amendment to 'reasonable expectation test'
Assistant Treasurer’s Announcement - November 2012 and 2013 Amendments
Government’s concerns and policy response
key amendments and concepts contained in the 2013 Bill.