News Articles

January 2014


Tax Consolidation Refresher Part 2: Allocable Cost Amount (ACA)

In the second edition of our tax consolidation refreshers we consider the Allocable Cost Amount (ACA) process. In essence the ACA process is designed to replicate the accounting fair value approach and remove certain anomalies that would otherwise arise when determining whether to acquire a business (i.e. assets) or a company.


Unclaimed Accounts Transferred to ASIC

Under legislations passed by the previous government, the threshold for bank accounts to be deemed inactive has been reduced from 7 years to 3 years.