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  • Private groups: ‘what attracts our attention’ has been updated

    We have updated our ‘What attracts our attention’ webpage with a number of behaviours or characteristics that, when exhibited in a privately owned and wealthy group, may attract our attention. This update is part of our commitment to Private groups and aims to build transparency, trust and confidence in the tax and super systems. The behaviours and characteristics include:

    • tax or economic performance is not comparable to similar businesses
    • low transparency of your tax affairs
    • large, one-off or unusual transactions, including the transfer or shifting of wealth
    • aggressive tax planning
    • tax outcomes inconsistent with the intent of the tax law
    • choosing not to comply or regularly taking controversial interpretations of the law, without engaging with us
    • lifestyle not supported by after-tax income
    • accessing business assets for tax-free private use
    • poor governance and risk-management systems.

    You can find more specific behaviours and examples on our website

    Need more advice?

    If you’re concerned about your tax or super position, you can:

      Last modified: 11 May 2018QC 55389