Benefits of effective tax governance

Effective tax governance not only positively influences your relationship with the ATO, but can also provide practical benefits for your business, such as:

  • supporting business planning and decisions through expert advice and transparent decision making – which helps business stability and avoids unwelcome surprises
  • building the capability of your management and providing real time assurance so that business owners can optimise business performance
  • helping manage commercial and business risks – for example, governance that ensures effective succession planning makes transferring a business or assets more transparent and may also support business relationships
  • helping avoid fraud in the business
  • facilitating compliance with other laws and regulations, such as corporate regulations, trust laws and state taxes
  • ensuring accurate financial reporting and reinforcing the integrity of business records.


Last modified: 31 May 2016QC 49161