This is a remote seminar held via the Webinar.net platform, a recording will be made available for up to 12 months, please follow the prompts in your login details email.
Taxpayers and advisors often face significant adverse outcomes when they inadvertently violate Australia's complex network of tax administrative requirements. Recently, there has been a notable increase in ATO audit activities and debt collection efforts, making it crucial to understand the current tax administration framework.
This seminar offers thorough coverage of the essential elements of the tax administration framework in Australia. It addresses the extent of authority granted to the ATO, as well as the procedural and substantive rights and obligations of taxpayers.
Topics Covered:
- Legal force of ATO rulings, determinations and interpretative decisions
- Requirements to lodge and make full and true disclosure in tax returns
- Limitations of the Commissioner’s search and access powers
- Fundamentals of the ATO audit and review processes, including taxpayers’ right to disclosure
- Scope and effect of Australia’s tax penalty regime
- Requirements for valid assessments and amended assessments
- Taxpayers’ right of objection and review
- Basis and mechanism for adopting reasonably arguable positions
- Operation of the safe harbour protection for taxpayers against penalties
- Tax debt collection do’s and don’t’s
- Tax agent duties and obligation under prevailing governing framework
Benefits / learning outcomes:
By the conclusion of this session, attendees will possess a solid grasp of how Australia's tax administrative framework applies and impacts them, including their rights and responsibilities within this framework.
Meet your Speaker, Peter Adams
Peter has more than 28 years experience as a tax practitioner, having worked in senior tax management roles in the profession with both KPMG and PwC as well as in commerce. Recently Peter has focused on providing tax consulting and tax training services in the SME market.
