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March Tax Roundtable #2 | Private Binding Rulings

Wednesday, 27 March 2019 - 5:00 PM to
Wednesday, 27 March 2019 - 7:00 PM
To be confirmed Adelaide, SA Australia
Event Coordinator: emmacollins@taxinstitute.com.au
     

Registration Time: 16:45:00 PM

Member Price: $100.00

Non Member Price: $130.00

CPD hours:2.00

Private binding rulings can provide taxpayers with significant protection in relation to the arrangement described in the ruling. It usually affords the taxpayer with certainty as to the tax consequences of the arrangement described. This discussion will consider the lifecycle of private binding ruling from preparing the application it to disputing it, including:

  • When to seek and not seek a private binding ruling
  • Drafting an application for a private binding ruling
  • Facts as distinct from assumptions in the ruling application
  • What is the position where a section requires an application to be made to the Commissioner in the prescribed form
  • What to do if the Commissioner declines to rule
  • The adverse ruling
  • When you can and cannot object
  • When to object and not to object
  • Other ways to dispute the outcome.

    Facilitators
    Simon Haines, FTI, Assistant Commissioner, ATO
    Simon is a Senior Tax Counsel (Assistant Commissioner) in the ATO’s Tax Counsel Network. In that role, Simon is responsible for determining the ATO’s view on high- risk technical issues and providing leadership in the areas of public advice and guidance, dispute resolution and law design. Simon has more than 17 years of experience in taxation, including periods in the ATO, Treasury, and private practice. Simon currently specialises in income tax issues affecting private business structures.

    Bernie Walrut, CTA, Murray Chambers
    Bernie Walrut, CTA practises as a barrister, whilst primarily undertaking advice work, he does appear in the Supreme and Federal Courts and tribunals in taxation and valuation matters. Bernie has practised broadly in commercial work for over four decades, though of recent times his work has been predominantly taxation, trusts and estates, succession planning, commercial and valuation matters and some major commercial and infrastructure projects. Bernie holds an LLB and Masters degrees in Taxation, Law, Information Technology and Aquaculture and a PhD from the University of British Columbia.