Special Tax & Superannuation topics 2022-23 - Division 7A Today


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There are looming legislative changes to the operation of Division 7A as well as significant administrative changes to the ATO’s interpretation of key elements of Division 7A. This topic will ensure you are up to date with all the implications of these changes and their impact on your clients.

On successful completion of this topic, participants will be able to:
  • Explain the ATO’s interpretation of “financial accommodation” in respect to UPE’s and the differences between pre-Dec-09 and post Dec-09. Consider some other hidden Div7A traps like debt forgiveness and payments to shareholders.
  • Explain why a present entitlement of a company to a specific dollar amount may be treated differently to a percentage
  • Dealing with year “one” loans, dealing with sub-div EA, and also considering the future impact of loans where there is no distributable surplus
  • Revisit the “old” expected legislative changes to Division 7A and planning opportunities.

 

This session forms part of the Special Tax & Superannuation Topics Series. These concise 1.5-hour sessions have been specifically designed for an online platform to ensure training is informative, immersive and even fun. These sessions will:
  • Ensure you get the critical knowledge you need while minimising your time out of the office.
  • Assist you in providing proactive tax and superannuation advice and identifying tax planning opportunities early
  • Help you avoid any possible traps and pitfalls
  • Give you answers to the questions most relevant to you.

 

Our partnership with Thomson Reuters gives you the most up-to-date information, updated regularly and enhanced by our technical specialists.

 

Continuing Professional Development Hours

The content covered in this topic should constitute verifiable CPD for CA ANZ, has been assessed for ASIC and FASEA CPD and also meets the Tax Practitioners Board's CPE requirements. The expected CPD hours to be allocated are as follows:

 

 

 

 

PER SESSION

CA ANZ

Up to 1.5 CPD hours

Legislated CPD (FASEA)

Up to 1.5 hours (General)

ASIC

Up to 1.5 hours (General)

Tax Practitioners Board

Up to 1.5 CPD hours

This seriesis presented by our Senior Tax & Superannuation trainers: 
 

Lydia Kovacevich Senior Tax and Superannuation Trainer, CA ANZ
Lydia has over 20 years’ experience in the tax and accounting industry working for, at various times, a ‘big four’ accounting firm, a second-tier firm, a global oil and gas service company, a tax training organisation and the Australian Taxation Office.  
 
During this time Lydia acquired extensive experience in tax and accounting matters relevant to various types of entities and industries and gained a wealth of experience in writing about tax. Lydia has a strong analytical and technical ability and is very passionate about tax education.

 

Varun Kumar National Head of Technical Tax and Business Advisory, Moore Australia
Varun is the National Head of Technical Tax and Business Advisory at Moore Australia. Varun was previously with Moore Australia (WA) for nine years and then gained further experience within the specialist tax consulting division in Crowe Australasia before joining Moore Australia in 2019.

 

Varun has numerous years of experience in taxation and has advised a wide range of clients across various industries. Varun has extensive experience in providing consultancy services in relation to various areas of taxation. Varun has also conducted tax training in his previous roles, presenting regularly on complex issues in an understandable and practical manner.


EVENT DETAILS


Topic: Tax

Sub-Topic: Income Tax

Format: Recorded Webinar

Proficiency Level: Foundation, Intermediate

CPD: Upto 1.5 hours