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Division 7A

Published on 12 Apr 99 by QUEENSLAND DIVISION, THE TAX INSTITUTE

The most fundamental and important point about the new Division 7A is that it is not an anti-avoidance division. DIVISION 7A ITAA CONTAINS A BRAND NEW ASSESSING PROVISION. Because Division 7A will apply automatically the tax advisor's duty to his or her clients and the Profession are fundamentally altered. I will first discuss that aspect.I will then look briefly at section 108 before moving to a review of Division 7A. I will discuss the interaction between Division 7A and fringe benefits tax (FBT), which has also fundamentally changed from the old section 108.

Author profile

Dr Mark Robertson CTA
Mark Robertson, CTA conducts an Australia-wide practice specialising in revenue and trust law. Mark is listed as a leading tax QC by Chambers & Partners Asia Pacific and listed as ‘Preeminent’ by Doyle’s Guide. He has appeared for commonwealth and state revenue authorities, Australia’s leading corporate groups, high net wealth individuals, as well as foreign investors in relation to proposed and completed domestic and cross-border transactions (including in estate and family law contexts). He has acted for the Commissioner in several s100A cases. - Current at 17 June 2020
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Division 7A

Author(s):  Mark L ROBERTSON

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