Monthly Archives: October 2014

ATO warns people using New Zealand Foreign Trusts, but earning Australian income

Australian individuals and businesses who use ‘New Zealand Foreign Trusts’ while earning their income from Australia are being cautioned by the Australian Taxation Office (ATO) to be careful of these arrangements as they are currently under investigation, including under Project Wickenby. Tax Commissioner Michael D’Ascenzo said the ATO had issued the warning because promoters of…
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TPB takes alleged uregistered tax agent to Federal Court

The Tax Practitioners Board (TPB) commenced proceedings on 22 May 2012 in the Federal Court, Sydney, against Mr Malcolm Campbell for alleged breaches of the Tax Agent Services Act 2009 (TASA). The TPB is seeking orders including an injunction and that Mr Campbell pay a pecuniary penalty as his conduct is alleged to contravene the…
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