Tax Insight: BEPS 2.0 Grinds On

By Toby Eggleston, Ryan Leslie, Nick Heggart and Graeme Cooper The OECD’s 2 Pillar project to redesign the architecture of the international tax system continues its slow and faltering progress. This Tax Insight summarises some of the recent developments, and their implications for Australian groups. Read more

Tax Insight: Draft Share Buy-back Rules

By Ryan Leslie, Alistair Haskett and Graeme Cooper Summary One of the few tax surprises in the October 2022 Budget was the announcement that “the tax treatment of off-market share buy-backs undertaken by listed public companies” would be aligned “with the treatment of on-market share buy-backs.” Treasury has now released an Exposure Draft of the … Read more

Public Register of Beneficial Ownership

By Toby Eggleston and Graeme Cooper Treasury has released a Consultation Paper outlining a second attempt to establish a publicly-accessible register recording the beneficial ownership of certain types of legal entity formed in Australia. About 3 million unlisted companies and unlisted registered managed investment schemes are expected to be affected by the measure, Listed entities do … Read more

Australia’s Budget 2022-23

By Toby Eggleston, Nick Heggart, Ryan Leslie and Graeme Cooper The first Budget of the new ALP Government contained only one tax surprise for the business community, as well as some additional details on the proposed changes to the thin capitalisation regime and the deductibility of royalties. But it serves as a reminder of the … Read more

Tax Bites – Episode 3: 2022 Federal Budget insights

By Graeme Cooper, Toby Eggleston and Ryan Leslie In this third episode in our series Professor Graeme Cooper and partners Toby Eggleston and Ryan Leslie share insights on the 2022 Federal Budget. More details can be found on blog here. Read more

Changes to the WA stamp duty farm-in concession

By Nick Heggart, Tristan Boyd and Louise Van Wyk A bill has been introduced into the Parliament of Western Australia to amend the Duties Act 2008 (WA) (Duties Act), in relation to farm-in agreements and related transactions (Amending Bill).[1] Reform of the longstanding farm-in stamp duty concession was first announced on 28 November 2018 (Announcement … Read more

Tax Insight: Treasury Consultation Paper – International Tax Measures

By Toby Eggleston, Graeme Cooper and Ryan Leslie Our Tax Note last week alerted readers to the release of Treasury’s Discussion Paper seeking submissions on amendments to Australia’s international tax regime and current tax disclosure rules. This Tax Insight examines the Paper’s international tax measures in more detail and reflects on what the final regime … Read more

Updates to RevenueWA connected entity duty exemption ruling

By Nick Heggart, Jinny Chaimungkalanont, Tristan Boyd, Louise Van Wyk RevenueWA has released Revenue Ruling DA 19.2 in relation to applications for a connected entity duty exemption. This replaces the previous Revenue Ruling DA 19.1 – with the key difference being the inclusion of the Commissioner’s treatment of notifiable events (which can trigger revocation of … Read more