Miscellaneous 2009

Tax consolidation - Financial services

Source: National

Published Date: 1 May 2009


This presentation considers particular financial services issues in dealing with the legislated and unlegislated consolidation measures, including:

  • what is a retained and reset cost base asset, including the treatment of marketable securities?
  • what is a liability that is recorded in the accounts, including the treatment of derivatives?
  • how do you identify all the particular assets and liabilities in financial services groups?
  • derivative transactions and consolidation, including the transition to TOFA stages 3 & 4
  • assets with volatile valuations, and the delay between acquiring control and joining time
  • tax sharing agreement issues with regulated entities
  • the many consolidation challenges of hybrid instruments.

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  • Published By: Tony Stolarek
  • Published On:1 May 2009
  • Took place at:Sheraton on the Park, Sydney

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Miscellaneous 2009

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