Daily Archives: September 2, 2019

ATO’s Report on Consultations in July 2019 – consultations received, open & completed and meetings of various Steering, Working, Stewardship, Co-design & Focus Groups

On 21 August 2019, I received a copy of the ATO’s July 2019 report on its various consultations with ‘stakeholders’, which I’ve attached below. See below for details. FJM 2.9.19 [Tax Month – August 2019]    

Glencore v CofT – Law Council’s summary of the High Court’s seminal decision holding ‘legal professional privilege’ is only a ‘shield’ not a ‘sword’

The Law Council of Australia produced a summary of the seminal High Court case holding, effectively, that ‘legal professional privilege’ was a ‘shield not a sword’ (see related Tax Technical articles: the High Court summary, an AFR article and the Commissioner’s take on the case). The LCA summary was released one day after the High Court…

Binqld Finances Pty Ltd (In Liq) v Israel Discount Bank Ltd – Commissioner ordered to produce a copy of his deed, with certain taxpayer information redacted because it was “protected” under TAA53 secrecy provisions

On 31 July 2019, the Federal Court has held that information, about the income tax liabilities of various taxpayers, was “protected information” for the purposes of the confidentiality provisions of Div 355 of the TAA53. See below for further details. FJM 2.9.19 [Tax Month – August 2019]        

ASIC disqualifies Cairns director from managing companies after engaging in illegal phoenix activity

On 20 August 2019, ASIC issued Media Release 19-214 MR, saying that it had disqualified Mr Steven Paul Corradi of Redlynch, QLD, from managing companies for five years, the maximum disqualification period, because of his involvement in seven failed companies, which showed evidence of illegal phoenix activity. See below for further detail. FJM 2.9.19 [Tax Month –…