Thomson Reuters has confirmed that the taxpayer will not be seeking special leave to appeal to the High Court from the decision of the Full Federal Court in Australia and New Zealand Banking Group Limited v Konza [2012] FCAFC 127. The Full Court had unanimously confirmed that notices issued by the ATO under s 264 of the ITAA 1936 to Australia and New Zealand Banking Group Limited (ANZ) were valid. The notices sought information about customers of an affiliate of ANZ with accounts in Vanuatu.
[LTN 196, 10/10]