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The rulings system: have you got protection? presentation

Published on 04 Nov 04 by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE

This presentation discusses how to deal with tax risk - obtain a ruling. Including:

  • what is a ruling?
  • when is the Commissioner bound? - full and true disclosure revisited
  • who may rely upon a ruling?
  • when can you disregard a ruling?
  • what do you do when a ruling is unfavourable?
  • problems with rulings
    • timing and cost issues
    • partial rulings
    • anti-avoidance
    • arm's length arrangements
  • the ATO's agenda.

Author profiles

Ian Stanley CTA
Ian Stanley is a barrister whose practice at the Sydney Bar focuses on revenue law. Ian holds bachelor degrees in Economics and Law from the Australian National University and a Masters of Law from the University of Sydney. Ian has advised extensively on matters concerning residence. - Current at 12 July 2013
Click here to expand/collapse more articles by Ian STANLEY.
Judith Sullivan CTA
Judy is a Chartered Tax Adviser and a tax lawyer. She is a member of the Tax Practitioners Board (appointed October 2020) and Principal Lawyer at Judy Sullivan Consulting Pty Ltd. Judy was a tax partner at PwC from 2013 to 2020 and (prior to that) a tax partner at King & Wood Mallesons. Over her career she has been on ATO working groups, Law Council tax/NFP subcommittees and the Advisory Panel to the Board of Taxation. She has authored many submissions to the Inspector-General of Taxation and appeared before Federal Government Committees in respect of tax matters. - Current at 20 August 2021
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This was presented at NSW Annual Intensive Retreat: Managing tax risk for corporate taxpayers .

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

Individual sessions

Have you shut the windows or are they still open?

Author(s):  Michael WALPOLE

Materials from this session:


Planning out of control

Author(s):  Greg PRATT

Materials from this session:


The rulings system: have you got protection?

Author(s):  Ian STANLEY,  Judy SULLIVAN

Materials from this session:


Today's Part IVA - a report card

Author(s):  Robert DEUTSCH

Materials from this session:

Avoiding a bum RAP

Author(s):  Prof Robin H WOELLNER

Materials from this session:



Further details about this event:

 

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