Miscellaneous 2009

Promoter penalties - Staying out of the rough

Source: Victoria

Published Date: 9 Oct 2009

 

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The promoter penalty regime is designed to deter the promotion of tax exploitation schemes and provides for civil penalties, statutory injunctions to stop the promotion of a scheme and voluntary undertakings. This paper provides practical insights into:

  • promoter penalties and large corporates - it's not just product developers who may be exposed. The ATO draws from their experience to outline some examples where conduct may have contravened the promoter penalty laws
  • when should a corporate consider offering the Commissioner an enforceable voluntary undertaking and what should it contain?
  • how the ATO approaches promoter risk in its administration of the promoter penalty laws
  • an in-house corporate case study on establishing good governance in the process of product development.

Individual Session

Promoter penalties

Author(s): Stephanie Martin
Materials from this session:

Details

  • Published By: Stephanie Martin
  • Published On:9 Oct 2009
  • Took place at:Novotel Forest Resort, Creswick

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Miscellaneous 2009

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