Trading Names – New Requirements

Trading names will cease to be displayed on the Australian Business Register from 1 November 2018. ASIC registration will be required to keep these displayed thereafter.

Central Management and Control of Foreign Corporates

The Australian Taxation Office (“ATO”) recently issued final ruling TR 2018/5 setting out the Commissioners position on how to apply the central management and control tests when determining the tax residency of a foreign company.

To sell or what to sell? – That is the question

With the food business continuing to grow and high multiples being paid, especially by private equity, it is vital that these sale transactions are structured properly and project managed correctly by advisors from the start .

Accounting considerations of electing into AMIT

There has been considerable coverage of the Investment Trust sector concerning the Attribution Managed Investment Trust (AMIT) Tax rules enacted in May 2016. However, this focus has predominately been on the tax consequences, tending to overlooking the accounting and reporting implications of transitioning to an AMIT.  

Proposed Division 7A Amendments

The long-awaited Division 7A amendments have been released as a consultation paper with submissions closing on 21 November 2018.  The proposals in the consultation paper do not exclusively follow the Board of Taxation review proposals and there still appears to be inconsistency around Unpaid Present Entitlements which appears to go...