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Results: 1-10 of 36

No transfer of continuing partnership interest by retiring partner
  • Piper Alderman
  • Australia
  • August 27 2013

The Full Court has dismissed an appeal by a taxpayer against a decision at first instance that a deed transferring a retiring partner's interest in a


Foreign exchange losses
  • Piper Alderman
  • Australia
  • August 27 2013

The Commissioner of Taxation has lost an appeal against a decision at first instance that 20 News Corp group companies were entitled to deductions


GST on cancelled supplies
  • Piper Alderman
  • Australia
  • September 27 2011

In a recent case the Federal Full Bench had to consider whether or not GST was still applicable where a customer bought an airline ticket but subsequently cancels the booking, or does not turn up for the flight, and does not receive a refund either because, under the terms of the contract, no refund was available or, although it was available, it was simply not claimed


Taxation treatment of Namoi River Groundwater Structural Adjustment Program payment
  • Piper Alderman
  • Australia
  • May 27 2011

A taxpayer received a Groundwater Structural Adjustment Program (GSAP) payment from the NSW Government as part of its “Achieving Sustainable Groundwater Entitlements” Scheme which was an amount of structural adjustment assistance paid to high level users of water that was directly linked to the reductions in their access to water


Employee share trust taxation of payments
  • Piper Alderman
  • Australia
  • April 27 2012

In a recent decision the Federal Court, the Court had to consider whether or not some or all of a payment made by an employer of the taxpayer to a trust of which the taxpayer was a beneficiary was required to be included in the taxpayer’s assessable income


Fiduciary duties of financial advisors
  • Piper Alderman
  • Australia
  • November 8 2012

Although it is hard to understand how this view could have arisen, there was a view amongst some members of the financial planning industry that financial planners did not owe fiduciary duties to their clients


Litigation funding scheme is not a financial product
  • Piper Alderman
  • Australia
  • November 8 2012

The NSW Court of Appeal by a majority had previously held that a funding agreement in relation to a litigation funding arrangement was a financial product


Trust resettlements
  • Piper Alderman
  • Australia
  • June 27 2012

Following the Full Federal Court decision in Commissioner of Taxation v Clark and the refusal by the High Court to grant special leave to appeal, a draft public taxation determination has been issued on the question of trust resettlements


Net income of a trust - proportionate approach confirmed
  • Piper Alderman
  • Australia
  • June 27 2012

While following the High Court decision in Bamford there is no doubt (if there was prior to that) that the proportionate approach is the correct approach for working out the present entitlement to the net income of a trust, this is now confirmed in a draft determination by the Commissioner


Transfer pricing international trade
  • Piper Alderman
  • Australia
  • July 14 2010

In a recent Federal Court case, the Commissioner has suffered a significant loss in his views on transfer pricing