Taxpayers and businesses have everything to celebrate as a result of the High Court's favourable decision in the Steele's Case handed down on 4th March 1999. The importance of this decision cannot be underestimated for the High Court has confirmed that interest will not be of a capital nature in most cases. This is of importance for a number of sectors including property developers, infrastructure and mining. We may not be completely out of the woods because the ATO needs to alleviate uncertainty about the status and application of a number of significant rulings which were withdrawn by the ATO prior to the recent High Court decision. Where will the ATO go from here?
Steele's Case - A synopsis of the High Court decision
Author(s):
Rob O'Connor
Materials from this
session:
Details
- Published On:19 Mar 1999
- Took place at:Raddisson Playford Hotel, Adelaide
The material is copyright. Apart any fair dealing for the purpose of private study,
research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
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1999
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