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Strengthening ADIs through better governance and strategy
Insight Strengthening ADIs through better governance and strategy
ADIs are navigating regulatory reform, digital transformation, and rising fraud risks by strengthening governance, modernising infrastructure, and aligning strategy with compliance to drive resilience and long-term value.
Claire Scott
Tari Makanda
Katherine Shamai
Dhun Karai
Jane Stanton
Isabella Quant
Alan Connor
Cliff Chang
Rebecca Iwanuscha
| 9 min read | 08 May 2025
Are VAT and GST systems different from a tariff?
Client Alert Are VAT and GST systems different from a tariff?
Recent discussions have been clouded by misinformation about how VAT systems operate, especially in the context of proposed reciprocal tariffs. This has led to some misconception that VAT systems create unfair trade barriers for US corporations.
Anika Reside
Cliff Chang
Mark Foster
| 8 min read | 20 Feb 2025
The clock is ticking on your GST credit entitlements
Client Alert The clock is ticking on your GST credit entitlements
Division 93 of the GST Act sets a four year limit for claiming ITCs and FTCs. Missing this means losing the right to claim. The ATO's Ruling MT 2024/1 explains how this works and when claims are timely.
Rhys Penning
Anika Reside
Cliff Chang
| 4 min read | 10 Dec 2024
New Supplementary Annual GST Return (SAGR) for Top 100 and Top 1,000 Taxpayers
Client Alert New Supplementary Annual GST Return (SAGR) for Top 100 and Top 1,000 Taxpayers
The ATO is enhancing its Justified Trust program for GST, expanding mandatory reporting for large public and multinational taxpayers.
Cliff Chang
Anika Reside
Rhys Penning
| 4 min read | 30 Oct 2024
Tax issues impacting foreign private equity in Australia
Insight Tax issues impacting foreign private equity in Australia
The ATO oversees tax structures for foreign PE investments in Australia. If FIRB approval is required, ATO and FIRB will review the structure. Due to strict anti-avoidance laws, investors should seek early tax advice to comply.
Avinesh Naidu
Cliff Chang
| 14 min read | 27 Sep 2024
ATO Top 1,000 GST analytical and data expectations
Insight ATO Top 1,000 GST analytical and data expectations
The ATO’s GST Analytical Tool and data testing has been designed to achieve high assurance in GST governance.
Cliff Chang
Anika Reside
Rhys Penning
| 3 min read | 27 Jun 2024
Tax Governance: Here’s what you need to know
Insight Tax Governance: Here’s what you need to know
Tax governance is crucial for all taxpayers. Understanding and implementing effective tax governance practices is key to managing tax risks and meeting ATO expectations.
Vince Tropiano
Christine Cornish
Cliff Chang
| 7 min read | 05 Mar 2024
Combined Assurance Reviews and GST – are you ready?
ATO Assurance Reviews Combined Assurance Reviews and GST – are you ready?
Learn how to navigate Combined Assurance Reviews (CARs) and ensure GST compliance with insights on tax governance, voluntary disclosures, BAS preparation, and more. Our experienced team provides guidance to help you prepare for ATO scrutiny and maintain confidence in your tax affairs.
Rhys Penning
Anika Reside
Cliff Chang
| 4 min read | 22 Feb 2024
GST reduced input tax credits: Funds claiming RITCs for GST on adviser services
Client Alert GST reduced input tax credits: Funds claiming RITCs for GST on adviser services
If you are a superannuation fund or an investor-directed portfolio service (IDPS), there is an updated compliance approach issued by the ATO in respect of claiming reduced input tax credits (RITCs) for GST paid on adviser services fees.
Rhys Penning
Cliff Chang
| 4 min read | 21 Dec 2023
Why you should incorporate ESG in Tax governance frameworks
Insight Why you should incorporate ESG in Tax governance frameworks
With environmental, social and corporate governance (ESG) and sustainability front of mind for all organisations and reporting requirements on the horizon, it’s important to understand what tax obligations are at play. As the ATO focuses on transparency and governance, it’s important to ensure tax obligations are appropriately incorporated in policies, frameworks, controls, and these are tested to ensure that the business is operating in line with the Group’s tax risk appetite.
Himashini Weeraratne
Rebecca Iwanuscha
Cliff Chang
Christine Cornish
George Bendall
| 5 min read | 05 Jul 2023