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  Miscellaneous 2008

Division 7A"The Commissioner's discretion

Source: TAS

Published Date: 17 Oct 2008

 

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Division 7A remains forever changed because the Commissioner has an unfettered discretion to ignore the operation of Division 7A since 2002. Although Practice Statement PSLA 2007/20 has since lapsed, the only way in which any previous Division 7A issues can now be dealt with is by seeking a favorable exercise of discretion by the Commissioner. This paper covers:

  • what needs to be disclosed to the Commissioner and more importantly what shouldn't be disclosed
  • tips and traps in dealing with the ATO on Division 7A.
Author(s)

Individual Session

Division 7A - The Commissioner's discretion

Author(s): Arthur Athanasiou CTA-Life
Materials from this session:

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