Published on 30 Oct 12
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
The ATO’s recent focus on applying Part IVA to significant transactions by Australian corporates has led to several high profile losses and proposals for significant legislative change.
This paper covers:
- the most recent Part IVA cases involving corporates and the new insights they shed on how Part IVA operates
- the ATO and Treasury’s agenda for legislative change
- the likely impact of legislative change to Part IVA in respect of corporate transactions
- at a practical level what will change going forward.