Our Submission to the ATO

The latest ATO Distribution Ruling has been an intense topic of conversation across the accounting community the past couple of month.

Through out the web events, some very important questions have been raised by by accountants questioning the original intention of the legislation and the validity of the ATO rulings to change it.

We have collated these thoughts and compiled them into a comprehensive submission to the ATO, which was submitted on Friday 29 April 2022.

We eagerly await the the ATOs review and findings on the submission regarding the outcome.

Download Submission

Part 1 | 28 February 2022

New ATO Trust Distribution Ruling changes everything.

 

New tax rulings just released by the ATO - TA 2022/1 and TR 2022/D1 – will slam shut the common approach of trust distributions to family members.

 

This is an absolute game changer.

 

You’ll learn how communicate the ATO rulings to your clients and educate them on the impact to their financial situation in 2022 and future years.

Download the Slide Deck

Part 2 | 21 March 2022

Section 100A: The ATO Responds.

 

Today we will be joined by Justin Dearness, Assistant Commissioner in the ATO Office of Chief Tax Counsel. His current work concerns the application of income tax laws for private business structures.

His previous experience includes work on consolidations, value shifting and capital gains tax.

Justin will respond to the accounting industry's concerns regarding these rulings.

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Timothy Munro

Founder, ChangeGPS

Tim founded ChangeGPS after founding award-winning accounting firm Change Accountants & Advisors. Tim is a former Director of the Institute of Public Accountants and he lives and breathes his professional passion for accounting. At ChangeGPS Tim fuels the vision for a better accounting industry using technology and best practice. Outside work, Tim’s a parent, drummer and cricket-player.

David Boyar

CEO, ChangeGPS

David joined ChangeGPS as GM of Growth and then CEO to drive the development of the industry after founding The Virtual CFO Association and co-hosting 'From the Trenches'—Australia's #2 iTunes business podcast. David's one of the youngest Fellow Chartered Accountants in Australia. He loves using accounting to help Aussie mums and dads so much that he did a TedX talk on it.

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