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Recorded Webinars

Recorded Webinar: Division 7A and the Commissioner's Discretion Under 109RB

You may have experienced the welcoming of a new client along with the sudden realisation that lurking in their financials is a division 7A issue that has not received the required attention. It could be you have client division 7A skeletons in the closet that need to be addressed.
PRESENTED BY Arthur Athanasiou Partner - Thomson Geer Lawyers , Melbourne

Date/Time

About the Webinar

You may have experienced the welcoming of a new client along with the sudden realisation that lurking in their financials is a division 7A issue that has not received the required attention. It could be you have client division 7A skeletons in the closet that need to be addressed. This session aims to assist the process by delving into section 109RB ITAA 1936, including:

  • When it may be prudent to get on the front foot with a division 7A issue Action that can be taken to address a division 7A issue
  • Applying for the Commissioner’s discretion to either:
    • disregard a deemed dividend, or
    • permit a deemed dividend to be franked
  • What situations would satisfy an honest mistake or an inadvertent error?
  • What information is required for the application?
  • What corrective action should also be undertaken?
  • What if minimum yearly repayments on an amalgamated loan have not been paid by the due date (sec. 109RD)?
  • When it may be prudent to get on the front foot with a division 7A issue
  • Division 7A war stories and case studies, including Commissioner’s view of journal entries with lacking supporting documentation

Presented By

Arthur Athanasiou
Partner, Thomson Geer Lawyers Melbourne, Vic

Arthur is a Partner with Thomson Geer Lawyers, and is an Accredited Tax Law Specialist and a widely published writer on taxation issues having written many articles and books on taxation.  He regularly appears in the mainstream media, and presents at tax seminars and discussion groups.  Arthur qualified as a Chartered Accountant in 1987, and has held senior taxation and management positions in the transport and motor vehicle industries.

He has extensive experience in all areas of direct and indirect taxation and main area of practice is dispute resolution, particularly in the SME sector, with both the ATO and the SRO.

Arthur has many years of experience in complex tax litigation and tax audit negotiations and settlements, as well as broad experience in the taxation of entities, with an emphasis on Division 7A.

Arthur is a former President and Life Member of the Tax Institute, chair of the Tax Law Specialist Accreditation Board and was appointed as Adjunct Professor La Trobe University Law School in January 2019. He has been recognised as a Leading Tax Lawyer in Victoria by Doyles (2017 – 2023) and also in Trusts and Estates by Best Lawyers (2022-24).

Who Should Attend?

This webinar is suitable for accountants and lawyers advising in taxation matters – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

CPD Information

Accountants can claim up to 1 CPD/Training hour. Lawyers can claim up to 1 CPD unit/point – substantive law . This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion. WA lawyers – From 1/4/2021, due to changes to your CPD requirements we are unable to verify your completion of recorded webinars to the Legal Practice Board of WA.

Enquiries/Assistance

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: [email protected]

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