Published on 04 Nov 04
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
This paper discusses how to deal with tax risk - close all assessments. Including:
- when does an assessment arise?
- the effect of electronic lodgement
- amendment periods (s170)
- extension of normal amendments periods (s170(4A))
- position of losses - TD2004/24, Ryan; Re BCD technologies
- position of nil income
- effect of not lodging returns
- making certain you have an assessment
- the effect of the consolidations regime.
Prof Michael Walpole is a Professor of Taxation Law in the School of Accounting, Auditing and Taxation (including Atax) at UNSW Business School. Prior to academic life, Michael was variously a Tax Consultant with Ernst & Young, and was in private practice as a legal practitioner. Michael has authored and co-authored several books, including Proposals for the Reform of the Taxation of Goodwill, Understanding Taxation Law, and Compliance Cost Control. Michael has also written and presented many papers on his research topics to practitioner and academic audiences in Australia and overseas. He is the editor of the Australian Tax Forum and is an International Research Fellow at the Oxford University Centre for Business Tax in the Said Business School, University of Oxford. He has been a visiting Professor at the OECD’s Centre for Tax Policy and Administration and remains involved in its work on GST/VAT.
- Current at
21 December 2020