Published on 19 Feb 14
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
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.
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
Craig Marston CTA
Craig Marston is a Senior Manager with more than a decade of tax experience. Craig recently joined KPMG, after six years with Greenwoods & Herbert Smith Freehills where he advised private and ASX listed companies and trusts on a broad range of income tax issues from the consolidation regime to TOF to general corporate/M&A matters and managing ATO engagements. Craig has worked with several Australian banks and life/funds management groups as well as various listed and foreign private property trusts. Craig has also assisted high net worth individuals and family groups with managing their tax affairs. Current at 13 April 2016
Tony is the Managing Director of Greenwoods & Freehills. With more than 25 years experience in tax, Tony has a focus on financial services and financial transactions. Tony has advised clients on a wide range of tax matters, including innovative financial products, mergers and acquisitions, cross-border dealings, transfer pricing, tax audits and negotiations with the Australian Taxation Office. Tony has also advised clients on various OBU matters over many years, and is part of the consultation group set up by Treasury to discuss changes to the OBU rules announced in the previous government’s 2013-14 Budget. Current at 18 October 2013
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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