Tax considerations for Australian businesses approaching $1 billion turnover
InsightOutlining key tax considerations for a taxpayer once their aggregated group turnover is A$1 billion or more.
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Mark leads the tax team in Grant Thornton's Perth office. He is an experienced corporate tax practitioner with over 20 years of experience providing Australian taxation assistance for listed companies, large private entities and multinational groups. He specialises in the provision of tax advisory, tax compliance and tax due diligence work. Mark has particular focus and experience in Mining and Resources, Professional Services (particularly engineering and mining support services) and Technology industry sectors.
Prior to joining Grant Thornton, Mark worked for a Big 4 accounting firm in its Perth and Sydney offices.
Outlining key tax considerations for a taxpayer once their aggregated group turnover is A$1 billion or more.
On 10 November 2025, the Federal Court handed down its decision in Newmont Canada FN Holdings ULC v Commissioner of Taxation (No 2) [2025] FCA 1356.The case provides important guidance on the interpretation of ‘taxable Australian real property’ (TARP) under Division 855 of the Income Tax Assessment Act 1997 (Div 855).
Discover how detailed M&A contract reviews can impact tax outcomes, ensuring efficient and risk-free transactions.