Update on ATO Promoter Penalty Laws
Overview
What you'll take away.
Reasonably arguable, risky or not? The after-effects of the PwC scandal continue to haunt our profession!
This session is intended to give tax practitioners, accountants, lawyers and other practitioners an improved understanding of the legislative framework of the promoter penalty laws, including looking at content and case studies covering the:
- History that led to the introduction of these laws
- The structure of the promoter penalty laws
- Key concepts and their practical application for these laws
- Changes in the laws over time (international scope, promotion of Phoenix, etc)
- Latest Government announcements
- Case law so far on the operation of these laws
- Industry and professional concerns about the laws in practice
- Current issues for practitioners
Using some of the decided cases so far as worked examples, the session will cover how these laws may apply in practice and discuss how to manage risks under these laws for tax advisory firms.
Learning Outcomes:
Participants will gain an improved understanding of:
- The conduct now covered by the promoter penalty laws
- The risks for advisory firms in providing taxation services
- Mechanisms to manage those risks in practice
Suited to:
Accountants, tax practitioners, BAS agents, lawyers and other practitioners serving small businesses, private groups and wealthy individuals.
You will also be provided with:
- Access to watch the Live Webinar
- Opportunities to ask real time questions to the presenter/s
- Poll questions to test your knowledge
- Access to On Demand recording, which can be viewed multiple times, for as long as required
- Presenters contact details for follow up questions
- CPD Quiz (for On Demand recordings)
- CPD Certificate
- CPD Report – Logged automatically
- PowerPoint Presentation
- Verbatim Transcript, with Searchability
- Supporting Documentation
Your presenter
Bruce CollinsTax Controversy Partners
is the founder and principal solicitor at Tax Controversy Partners Pty Limited, currently helping clients to resolve all types of tax issues with the ATO and SROs. Before moving into private practice in 2017, Bruce worked for over 35 years in the Tax Office, a third of this time as a Senior Executive in what is now Compliance & Engagement Group, covering most ATO functions. Bruce was the leader of the strategic, technical and compliance leader for the ATO’s Aggressive Tax Planning capability for more than five years and also the Technical & Case Leadership area in Private Wealth for several years after that. During those periods, Bruce was particularly involved in the implementation of the Promoter Penalty Laws between 2006 and 2013, including being a member of the ATO’s Promoter Penalty Panel and having approved several of the earl cases to move to action in the Federal Court.
Bruce has an Accounting Certificate (1989), a First-Class Honours Degree in Law (1995), a Graduate Diploma in Legal Practice (1996), a Masters of Taxation (2003) and a Masters of International Taxation (2006). Bruce is a Chartered Tax Advisor with the Tax Institute, a member of the Law Society of NSW, a member of the AICD and is both a member of the Law Council of Australia, their Tax Committee and is the current Chair of the Law Council SME Business Law Committee.