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Where are the cost setting rules in 2009 paper?


The asset cost setting rules are the core of consolidation but there are surprises in their application. This paper reviews the fundamentals of the process with a focus on refreshing understanding and addressing issues that arise in practice including:

  • asset identification and allocation
  • goodwill and the accounting interface
  • what is a retained cost base asset?
  • revisiting previous settings
  • setting values on exit
  • emerging issues.

Author profiles:

Michael Charles ATI
Michael is a Principal at Deloitte Lawyers. He has over thirty years' experience in tax, and he has worked in the ATO and commerce. He has advised multi-national, private and high wealth individuals on their taxation matters, in particular on structured transactions and business restructures, as well as ATO audits. For a number of years he has taught tax consolidation and merger and acquisition subjects in the Melbourne University Masters' program. Michael frequently presents to professional and specialist bodies on a wide range of tax issues and is co-chair of the Tax Institute's Professional Development Committee (Victoria) and Victorian State Council. Current at 09 September 2015 Click here to expand/collapse more articles by Michael CHARLES.
Geoffrey Yiu ATI
Geoffrey is a Partner at KPMG with over 15 years experience in KPMG’s Sydney and Adelaide offices, and he has recently relocated to Melbourne. Geoff’s core specialisation is financial services. Geoff also has a particular interest in tax consolidation and has presented for the TIA a number of times on the topic. Current at 29 March 2016 Click here to expand/collapse more articles by Geoffrey YIU.

This was presented at 4th National Consolidation Symposium.

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Individual sessions

ATO perspective on consolidation - Unravelling the mysteries of the single entity rule

Author(s):  Des MALONEY,  Peter WALMSLEY

Materials from this session:

Consolidation: Legislative changes (Part B)

Author(s):  Peter MURRAY

Materials from this session:

Consolidation and mining assets – Some selected acquisition issues checklist

Author(s):  Cameron RIDER

Materials from this session:

Tax consolidation – Financial services

Author(s):  Tony STOLAREK

Materials from this session:

Further details about this event:


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