This paper, written by Paul Goldin and Rob Jeremiah, was presented by Rob Jeremiah at the 2nd Annual Trusts and Companies Taxation Symposium Television Education Network, held on 7 August, 2014.
The paper focuses on dealing with situations where non-compliance with of Division 7A of the Income Tax Assessment Act 1936 has been discovered, and understanding the operation of the Commissioner of Taxation’s discretion to disregard Division 7A. The paper considers the interplay of making a voluntary disclosure and requests to apply the Commissioner’s discretion and the application of the Alternative Dispute Resolution and the Australian Tax Office’s Internal Facilitation process.
Download a PDF version here: Division 7A - Commissioner’s Discretion, ADR and ATO Internal Facilitation
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