• 7. Compliance risks and emerging issues

    Malcolm Allen led discussion on how the ATO could engage with large taxpayers on emerging compliance risks and issues identified by the ATO.

    • Members were reminded of the document previously published by the ATO outlining our income tax and indirect tax strategic overview by industry and their comments were sought on the type of information to be included in such strategy documents.
    • Members were also asked to provide feedback on the draft Taxpayer Alert on Franked Distributions Funded by Raising Capital to Release Franking Credits to Shareholders. This Taxpayer Alert was subsequently published on 7 May 2015.


    Action item No.2


    Action item

    Include this as a standard agenda item for LBLG meetings:

    Bring the strategic overview documents to the 10 August 2015 and future LBLG meetings to seek member feedback on the details and strategy.


    LBLG Secretariat

    Malcolm Allen, Assistant Commissioner Risk Management and Strategy, Public Groups and International

      Last modified: 16 Dec 2015QC 46798