Published on 11 Feb 10
by NATIONAL DIVISION, THE TAX INSTITUTE
This paper covers:
- the Government's response to the Board Of Taxation's interim recommendations
- why is a specific tax regime and a deemed capital account election necessary?
- defining the scope of a managed investment trust - What vehicles should be covered by a specific tax regime for collective investment vehicles?
- trust as flow through vehicles
- whether the allocation of gains and deductions in accordance with the trust deed may be relied upon for the purposes of allocating taxable income to investors?
- tax treatment of fund expenditure
- how unders and overs should be allocated and taxed
- international issues.
Karen Payne CTA
Karen Payne, CTA, is the inaugural Chief Executive Officer of the Board of Taxation • effective 31 March 2016. Karen was appointed as a member of the Board of Taxation in May 2015. She is also the Chair of the Board’s working group advising on the implementation of the Organisation for Economic Co-operation and Development (OECD) BEPS Action 2 Report • Neutralising the Effects of Hybrid Mismatch Arrangements. Karen was a member of the advisory panel of the Board of Taxation from 2010 until her appointment to the Board in May 2015. Karen was previously a tax partner with Minter Ellison specialising in corporate, funds and international tax. She has over 20 years experience as a taxation adviser at top-tier legal and accounting firms. She is a Chartered Tax Adviser and member of Chartered Accountants Australia and New Zealand. She has a degree in Law and Commerce and Masters Degree in Taxation, all from the University of New South Wales. She has extensive experience managing complex tax-related matters for major multinationals, publicly listed companies and Australian IPOs across the financial services, property, mining, energy and utilities sectors. Current at 04 August 2016
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