Amanda Spinks

Jun 7, 2024 | mondaq.com | Sean R. Keegan |Andrew Sharp |Jeff Wong |Amanda Spinks

The recent announcement of the Australian Federal Budget has revealed notable changes to the taxation system, impacting various aspects of tax in private equity. Explore A&M's analysis of the latest developments in private equity taxation in Australia, and discover what steps professionals should take to navigate these issues effectively.

May 15, 2024 | mondaq.com | Amanda Spinks

In March this year, the Full Federal Court handed down its decision in Bechtel Australia Pty Ltd v Commissioner of Taxation [2024] FCAFC 33 ("Bechtel appeal") 1. This case concerned itself with whether certain costs incurred by the employer to transport fly-in-fly-out (FIFO) workers were subject to Fringe Benefits Tax (FBT). Unfortunately for the taxpayer, the court dismissed the appeal – causing over $13 million in FBT previously in dispute to become payable by Bechtel.

May 12, 2024 | mondaq.com | Amanda Spinks

Recently, the increased focus on wage underpayments in the Australian media and political landscape has started to encroach into the mergers and acquisition (M&A) space. In the past few years, many prominent organisations have dealt with negative publicity after being found to have underpaid their workers. This reached new heights last year with the passage of the Closing Loopholes Act 20231 which criminalises 'wage theft'.

May 8, 2024 | mondaq.com | Neil Pereira |Andrew Sharp |Joanna M. Black |Amanda Spinks

Please join us in recapping this virtual event where we presented a review of the latest tax developments in Australia including legislative updates on thin capitalisation and Pillar 2, recent case updates, public CBC, employment taxes and FBT. Originally published 30 April 2024 The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mar 7, 2024 | mondaq.com | Sean R. Keegan |Andrew Sharp |Amanda Spinks |Yu-Wun Tang

Private capital continues to experience a meteoric rise, with the Australian Investment Committee reporting assets under management at a record high of $118 billion as of September 2022.