Published on 13 Feb 13
by NATIONAL DIVISION, THE TAX INSTITUTE
These presentations cover:
Basel III changes:
- overview and background – concept of regulatory capital; interaction with ratings capital; Basel III changes; how much additional capital banks globally will have to raise; and what banks around the world are doing
- Basel III changes - focus on Basel III changes; capital adequacy under new APS 111; what the different categories of capital comprise of; key features to qualify as Additional Tier 1 Capital and Tier 2 Capital; deductions from capital; transitional arrangements
Topical tax issues facing banks and insurance companies about capital management:
- Tier 1 capital issues in Australia – tax implications for the issuer and security holders including the implications for the issuer arising from Basel III non-viability clauses and the application of various anti-avoidance rules
- Tier 1 capital issues undertaken by foreign branches of Australian banks – issues for the bank including the application of s 215-10
- Tier 2 capital issues in Australia – tax implications for the issuer and security holders including application of the debt/equity rules.
Tony Frost FTIA has been a Director with the Sydney office of Greenwoods & Freehills since 2003. Tony has more than 20 years
experience in tax, with a focus on financial services and financial transactions. Tony has advised clients on a wide range of tax matters,
including innovative financial products, structured finance, mergers and acquisitions, cross-border dealings, transfer pricing, tax audits
and negotiations with the Australian Taxation Office.
Prior to joining the firm in 2003, Tony had been a Tax Partner for seven years with one of the major international accounting firms. Earlier in his career, Tony spent five years with Westpac Banking Corporation. He has over 20 years experience in tax and has advised clients on a wide range of issues, but with an emphasis on financial products and financial institutions. Tony has had significant involvement in the tax reform process via industry and professional bodies. In particular, Tony has written or coordinated many submissions over the last 18 years for the banking industry, including on the TOFA reforms. Tony lectures on the taxation of financial transactions in the Masters of Law course at the University of Sydney and is a regular speaker and writer on this subject for the Taxation Institute and other organisations.
Current at 11 February 2009 Current at 23 February 2009
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