Miscellaneous 2005

IFRS: tax implications for the financial services industry and TOFA

Source: National

Published Date: 3 Mar 2005

 

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This paper covers the following topics:

  • what are the major changes in accounting standards for the financial services sector as a result of the adoption of International Financial Reporting Standards in Australia?
  • in particular, what are the implications arising from IAS 39/AASB 139 (Financial Instruments: Recognition and Measurement) and other major new accounting standards?
  • how will existing tax law be impacted by the adoption of IFRS and what changes to tax law are needed?
  • which issues will be of particular concern for financial institutions?
  • how will existing and future instalments of the Taxation of Financial Arrangements reform project be impacted by IAS 39/AASB 139 and other new standards?

Individual Session

IFRS: tax implications for the financial services industry and TOFA

Author(s): Tony Frost

Details

  • Published By: Tony Frost
  • Published On:3 Mar 2005
  • Took place at:Royal Pines Resort, Gold Coast, Qld

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