This seminar considered the consequences of the decision in relation to:
- what is 'personal services income'
- how Part IVA applies to the derivation of personal services income
- the principles in Tupicoff
- insolvency planning v tax planning
- whether benchmark salaries are required
- how schemes under Part IVA are to be determined
- what constitutes objective evidence of purpose
- the creation and maintenance of records
- when the commissioner can change tax benefits.