Non Residents Doing Business in Australia
Issues covered include: Australia's immigration policy, Corporate tax residency, Foreign investors, Shareholder disputes, tax residency rules, overseas assets and income, juristdictional settlement
Description
Foreign investors form an increasingly important part of Australia’s economy. It’s essential for you to understand the complex tax, commercial and legal issues that affect your foreign business and individual clients. This is the one day conference that will do that for you. Better interpret the immigration policies that impact your foreign business clients. Identify tax residency of both business and individual clients. Obtain practical checklists of establishing a business in Australia.
Attend the full day and earn 6.5 CPD units
FASEA CPD Allocation: 6.5 hours in Technical Competence
All our conferences are able to count towards your CPD hours in accordance with the regulations of any industry association including CA ANZ, CPA and more. Click here to view your organisations' rules.
Session 1
Latest Updates and Strategies for Non Resident Clients
Chair: Josh Chye, Partner and Head of Tax, HLB Mann Judd
9.00am to 9.50am: RECENT UPDATES AND FUTURE DEVELOPMENTS AFFECTING YOUR PRACTICE: The Most Current Insights on Australia’s Immigration Policy
- Overview of the Business Innovation and Investment program and how it would affect your foreign business clients
- Business Innovation and Investment (Provisional) Visa (subclass 188): Significant Investor stream or Premium Investor stream
- Subclass 132 Business Talent (Permanent) visa
- Bilingual Subclass 132 Business Talent (Permanent) visa
Presented by Maria Jockel, Legal Principal, BDO Migration Services; Accredited Specialist in Immigration Law
9.55am to 10.50am: Corporate Tax Residency: Post Bywater Case and the Current Landscape
- The Bywater decision
- TR 2004/15: the ATO’s position pre Bywater
- TR 2018/5 & PCG 2018/9: the ATO’s position post Bywater
- Concessions and exemptions that are impacted
Presented by Gary Poon, Partner – Corporate & International Tax, BDO; Chartered Tax Adviser
10.50am to 11.00am Morning Tea
11.00am to 11.55am: Foreign Investors Running Businesses in Australia: Permanent Establishment vs Subsidiary
- What is a permanent establishment (PE)? What is a subsidiary?
- How might choosing one or the other when setting up business in Australia impact tax and reporting obligations?
- What advantages and disadvantages might arise from choosing one or the other?
- How have changes arising from the OECD’s BEPS project impacted the PE articles of Australia’s tax treaties?
Presented by Simon Dorevitch, Manager – Corporate Tax, RSM; Chartered Tax Adviser
12.00pm to 12.50pm: Common Pitfalls for Foreign Investors: Shareholder Disputes and How to Avoid them
- Expectations of shareholders and regulators
- Dealing with regulators: practical tips and traps
- What to expect if a dispute arises from a foreign investor?
- The benefit of hindsight: what to consider at the outset
Presented by Monique Carroll, Director and Principal Lawyer, Cite Legal
Session 2
Practical Tips Regarding your Individual Clients with Foreign Tax Issues
1.30pm to 2.30pm: Tax Residency Rules for Individuals: A Practical Guide
- Overview of Australian tax residence
- Harding’s case and Handsley’s case, including the practical application of ordinarily resides test and domicile test
- Consultation developed by the Board of Taxation: tax residency reforms
- Residency of a trust, including ceasing to be a resident of Australia
Presented by Greg Judd, Senior Associate, Arnold Bloch Leibler
2.35pm to 3.35pm: Overseas Assets and Income: the ATO’s Current Focus
- Determining your client’s tax residency: it's all about intention and evidence
- AUSTRAC and international funds transfers
- ATO's exchange of information with other countries
- ATO's data matching program with other government agencies
- Dealing with the ATO: important tips and traps
Presented by Yan Li Wang, Partner, HWL Ebsworth Lawyers
3.35pm to 3.45pm Afternoon Tea
3.45pm to 4.45pm: Protecting Your Client’s Worldwide Assets: What You can Learn from Jurisdictional Settlement
- A brief overview of Family Law principles that accountants need to know
- Examples of the different approaches to family law in different jurisdictions compared to Australia
- Enforceability of orders overseas
- Protecting your client’s human and financial property (both overseas and Australian held) in Australia
- The use of financial agreements under the Family Law Act
Presented by Mark Parker, Partner & Practice Group Leader, Lander & Rogers
Venue
RACV City Club
Level 2, 501 Bourke St
Melbourne 3000
VIC
Australia
Parking Information
Parking is not included in your registration. Here are some options below. RACV City Club Car Park.
Directions