ATO current areas of focus in financial services
Source: New South Wales
Published Date: 26 Mar 2026
This session provides an in-depth update from the ATO on selected current areas of focus within the financial services sector including:
- The latest on the change in definition of “debt deduction”
- Current thinking on the change in definition of “financial entity”
- Areas of concern in relation to the s128F public offer test
- An overview of the Commissioner’s approach to assessing GST apportionment methodologies, including:
- the importance of a robust cost allocation process
- common errors identified by the Commissioner
- the ‘relevance’ of the Hannover decision
- practical examples
- the importance of a robust cost allocation process
The presenters outlined the key facts, relevant legislative and regulatory provisions, and the ATO’s concerns, observations, and recommendations. The session aimed to equip participants with practical insights to enhance compliance and manage emerging risks effectively.
Individual Session
Details
- Published By: James Campbell, Rhys Chalmers
- Published On:26 Mar 2026
- Event Name:Financial Services Taxation Conference
- Session Name:ATO current areas of focus in financial services
- Listen Time:1+ hour
- Took place at:Crown Sydney
The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
The Tax Institute
(ABN 45 008 392 372 (PRV14016))
("TTI")
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
Copyright Statement
All materials provided on this site are protected by copyright and are owned by or licensed to TTI.
Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.
Tags
Share this page