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Offshore banking units presentation


This presentation covers:

  • overview, who uses OBUs, why, why not and how
  • all plain sailing?
  • what would help improve the regime?
  • what is Singapore up to – can we compete?
  • OECD and ATO actions
  • proposed changes coming from 2013/14 budget and current status
  • funds management and OBUs.

Author profiles

Anthony Frost CTA
Photo of author, Tony FROST Tony Frost, CTA, Greenwoods & Herbert Smith Freehills’ Managing Director, is a tax lawyer and Chartered Accountant, with a career spanning more than three decades. During this time, he has advised clients on a wide range of matters, including financial transactions, ATO audits and disputes, and the tax aspects of mergers, acquisitions and transfer pricing. Tony has been closely involved in many successful and unsuccessful tax reform projects over the last 30 years or so, including in his role as a key adviser to the Australian Banking Association, and also as an occasional adviser/consultant to the Treasury, ATO and the Board of Taxation. Before joining Greenwoods in 2003, Tony was a partner in a global chartered accounting firm and held a senior position in a leading Australian bank. Tony is a prolific author of tax articles and seminar papers and is regularly invited to speak at industry events and conferences. He spent 15 years as a lecturer in the Master of Laws program at the University of Sydney. Tony is a Chartered Tax Adviser of The Tax Institute, a member of the Law Society of NSW and Chartered Accountants Australia and New Zealand, and a member of the International Fiscal Association. - Current at 01 November 2018
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Craig Marston CTA
Craig Marston, CTA, is a member of KPMG’s tax practice. Craig advises on a range of tax matters for various Australian listed and multinational groups. Craig’s experience includes working with several Australian banks and life/funds management groups, as well as various listed and foreign private property trusts. More recently Craig’s particular interest is working with “start-ups” to realise their international expansion ambition. - Current at 09 July 2018
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Ultan MacDonald
Ultan is the Head of Commonwealth Bank’s Offshore Banking Unit. Ultan has almost 30 years experience in banking and has worked in Dublin, Melbourne, London and Sydney where he gained extensive exposure to the foreign exchange, interest rate and fixed income markets. In more recent years Ultan has used this knowledge of financial markets to develop CBA’s OBU into one of the larger and most diverse OBUs in operation. This hands-on experience in running an OBU has given Ultan particular insights into the practical difficulties faced when applying outmoded legislation to an ever-changing banking and finance environment.
Current at 18 October 2013


This was presented at 2014 Financial Services Taxation Conference .

Get a 20% discount when you buy all the items from this event.

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Further details about this event:


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