Reading Room

ATO loss in another prominent part IVA Anti-Avoidance Case

On 19 March 2012 the Full Court of the Federal Court of Australia (Kenny, Stone and Logan JJ) handed down judgment in Commissioner of Taxation v Futuris Corporation Ltd [2012] FCAFC 32. This case is the most recent example of the Federal Court grappling with the application of the anti avoidance provisions in Part IVA of the Income Tax Assessment Act 1936 (Cth) (ITAA 1936) and represents …

Is Australia "Shariah-Ready?": Article April 2010

The UNCTAD Survey 2009-2011 ranks Australia in the top 10 of the most attractive countries in which to invest. Whilst domestic growth eased in 2009, it is picking up and the general consensus to date is that most of the problems directly related with the GFC did not significantly affect Australian financial institutions.

To view to full Update, please download PDF. 

Amendments to Victorian Stamp Duty Rules: E-Alert January 2009

Several important changes have recently been made, and further changes are proposed to be made, to the Victorian Duties Act 2000 (the Act). Changes already implemented have:  

• expanded the application of the sub-sale rules to fractional sub-sales; and
• amended the exemption for property moved in and out of a bare trust arrangement.

Proposed …

Carbon Pollution Reduction Scheme (CPRS) - The White Paper: Update December 2008

The Minister for Climate Change and Water, Penny Wong has released a White Paper, which sets out elements of the Carbon Pollution Reduction Scheme (CPRS) , a medium-term target range for the reduction of carbon pollution in Australia and an indicative emissions trajectory for 2010-2013.

In this briefing, Maddocks identifies the main features of the scheme, notes aspects …