Published on 07 Oct 21
by NATIONAL DIVISION, THE TAX INSTITUTE
Following the request by the ATO to contribute comments on the appropriate tax risk management and governance framework controls to effectively manage and mitigate the risk of inaccuracies in third party data, we saw the manner in which the investment management sector is reliant on each other to meet these expectations.
This podcast covers a panel of industry leaders discussing the ATO’s guidance on these important framework controls, as well as explore whether there is ‘best practice’ for our sector in relation to meeting superannuation funds tax and reporting obligations.
Abbey is the Head of Group Tax at Cbus. Prior to joining Cbus, Abbey spent more than 15 years in professional services, specialising in the taxation of APRA regulated superannuation funds and broader financial services participants, including sovereign wealth funds, managed funds and domestic and offshore fund managers. Abbey is also a member of the ASFA Tax Specialist Advisory Committee which is contributing to discussions with the ATO on tax governance and third party data.
- Current at
05 October 2021
Kara is a Principal in Deloitte’s FSI Tax Team with over 20 years experience advising the wealth management industry on tax risk management, investments, and all aspects of compliance. Kara has a particular interest in tax governance and working with clients to ensure appropriate and robust processes are in place to manage their key tax risks – including their reliance on third-party tax data.
- Current at
16 September 2021
Duncan is head of Tax Product at J.P. Morgan and is a Chartered Tax Adviser and Chartered Accountant with over 35 years’ experience in Australia and the UK. In his current role, Duncan is responsible for the end-to-end management of the Securities Services’ tax product strategy and its implementation with our clients. Duncan started his career with PricewaterhouseCoopers (formerly Coopers & Lybrand) and became a Partner in Deloitte in 2000. Before taking on responsibility for Tax Product at J.P. Morgan, Duncan drove the design of their tax reporting platform for superannuation funds and managed investment trusts, applying his career experience in audit and tax, blended with technology and change management skills. In 2003 he was the founding CEO of a tax technology joint venture between KPMG and Deloitte that pioneered a web-based tax financial reporting and compliance system, which broadened into working with the corporate and financial services sectors to streamline and control tax reporting and compliance processes. Duncan became Chair of the Australian Custodial Services Association (ACSA) Tax Working Group in 2020 and has been actively involved in collaborating with the ATO and other industry bodies in response to the ATO’s consultation paper on tax risk management and governance over third party data, along with advocating for other initiatives to reduce compliance costs and increase efficiency in the industry.
- Current at
27 September 2021