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Tax Case: The search for the Holy Grail

Published on 01 Feb 04 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

'The ability of a private company employer to obtain unlimited deductions for contributions made to a superannuation fund benefiting employees who are directors and shareholders without either the trustee of the fund being liable to pay tax on the amounts contributed or the employer being liable to pay fringe benefits tax must be the holy grail for tax planners'.

It was with these almost sardonic words that Hill J, in the Federal Court's original jurisdiction, set the scene for his judgment in Walstern v Commissioner of Taxation [2003] FCA 1428.

Author profiles:

Shayne Carter CTA
Shayne has extensive experience in advising publicly offered superannuation funds on issues such as taxation at fund level benefits (particularly defined benefits), insurance income streams. He has assisted various bodies in representations to government on superannuation issues including the AICD. Shayne has been closely involved in structuring publicly offered superannuation and related financial products throughout his career. He has prepared many papers on superannuation and lectures on the Taxation and Regulation of Superannuation at the University of Sydney. Current at 19 September 2016 Click here to expand/collapse more articles by Shayne CARTER.
 
Luke FULLAGAR

Click here to expand/collapse more articles by Luke FULLAGAR.
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