8. External Compliance Assurance Process (ECAP)

  • Following a scoping project conducted in the first half of this year the ECAP pilot commenced on 1 July 2014 and will continue until the end of the year. It will cover five procedural areas including: research and development issues around claw back to government, capital allowances, consolidations, capital losses, and capital gains tax. The pilot has been deliberately constrained to limit the risks and issues being tested. It is limited to public companies with a turnover between $100 million and $5 billion per annum.
  • A steering committee has been established comprising ATO officers and representatives of the accounting bodies: the Institute of Chartered Accountants Australia, CPA Australia and the Institute of Public Accountants. The Steering Committee will develop an evaluation report of the pilot. The report’s recommendations in relation to the future of ECAP will be considered by the ATO.

No. 3

Action item No.3


Agenda item

LBLG meeting – 11 August 2014

Agenda topic

External Compliance Assurance Process (ECAP)

Action item

Update members at future LBLG meeting on results of the ECAP pilot.


Malcolm Allen, Assistant Commissioner, Public Groups and International

    Last modified: 21 Nov 2014QC 43202