2016 SOUTH AUSTRALIAN TAX INTENSIVE October 2016 Adelaide Oval. taxinstitute.com.au

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1 2016 SOUTH AUSTRALIAN TAX INTENSIVE October 2016 Adelaide Oval taxinstitute.com.au

2 INVITATION 2016 South Australian Tax Intensive We extend a warm invitation to you to join us at this year s SA Tax Intensive. You will notice that we are doing it a bit differently this year. We still have the same strong technical focus and format of the Tax Intensive of previous years - but this year we re doing it at the stunning Adelaide Oval. The decision to move this event was not taken lightly with much discussion had on the benefits of holding this popular event in the city. Having the event at Adelaide Oval means: There will be less time out of the office and less travel time There will be more flexible ticketing options available including employer tickets and single session tickets (see page 6 for further details) And, there are no additional accommodation costs. But what about the networking opportunities the SA Tax Intensive usually provides Members? We have thought of that and in conjunction with this event, we are pleased to announce the inaugural Members Annual Dinner. Pre-dinner drinks will commence after Thursday evening s session to be followed by a sit-down dinner in the spectacular Cathedral Room of the Adelaide Oval. We invite you to join us for dinner and take the opportunity to network with your peers. Attendance at the dinner is included in the event full registration and you are welcome to invite partners and colleagues even if they are not attending the Tax Intensive. We have also arranged some other social activities for attendees including participating in the Adelaide Oval RoofClimb or going on a Stadium Tour which showcases the unique blend of old and new at Adelaide Oval. If you are interested, get a group together and register your interest. Whilst we have a great venue and social activities at our fingertips, the most important part of the Tax Intensive - the technical aspect - will not change. The format of the event will be the same as always with small, facilitated discussion groups working through practical case studies with support from local tax experts. So don t hesitate, book your place now at what promises to be a fantastic event at this amazing new location! I look forward to seeing you at Adelaide Oval in October. Lisa Pritchard, CTA Chair, 2016 South Australian Tax Intensive Organising Committee Thank you The Tax Institute gratefully acknowledges the generous assistance of members of the 2016 South Australian Tax Intensive Organising Committee: Lisa Pritchard, CTA, BDO (Chair) Briony Hutchins, CTA, DW Fox Tucker Lawyers Michael Johns, FTI, PwC Brian Nimmo, CTA, Perks Chartered Accountants Neil Oakes, CTA, Perks Chartered Accountants Brett Zimmermann, CTA, DW Fox Tucker Lawyers Proudly partnered by: 2 - THE TAX INSTITUTE South Australian Tax Intensive

3 TECHNICAL PROGRAM Event summary Day One Thursday 20 October 2016 Time 3.30pm 4.00pm 4.00pm 7.00pm Session includes introductory overview; workshop discussion; afternoon tea and summary 7.00pm 7.30pm 7.30pm Session Registration Welcome by Chair Session 1: The New Small Business Rollover Tax Laws Amendment (Small Business Restructure Roll-over) Act 2016 received Royal Assent on 8th March 2016 and comes into effect for transfers occurring on or after 1 July It should now be quite easy to roll a business or asset into a new structure without CGT consequences. But is it as straight forward as it seems? During this session, we will consider the main requirements to be satisfied to obtain rollover relief including: What is a genuine restructure? When will there be a material change in underlying economic ownership? Can interposed entities be used and still meet the tests for roll-over relief? Conditions for the asset(s) being transferred Exploration of any issues or opportunities that arise in applying the new provisions in practice. Pre-dinner drinks Inaugural Members Annual Dinner proudly supported by Macks Advisory Presented by Perks Chartered Accountants Workshop Leader: Neil Oakes, CTA Workshop Facilitators: Diane Cooper Jennifer Jones, CTA Sarah Luxton Brian Nimmo, CTA Day Two Friday 21 October 2016 Time 9.00am 12.00pm Session includes introductory overview; workshop discussion; morning tea and summary 12.00pm 1.00pm 1.00pm 4.00pm Session includes introductory overview; workshop discussion; afternoon tea and summary 4.00pm Session Session 2: Effective Structuring for Property Acquisitions One of the most common issues that advisers have to deal with is advising clients on the most effective structure for the acquisition of property. There are a number of issues that must be considered in determining the most effective structure for a particular property including funding, access to profits and capital amounts and minimisation of tax on realisation of the asset. This session will look at the most commonly used structures including a unit trust, partnership, company and discretionary trust and consider their effectiveness taking into account: Use of external funding vs inter-group funding Ability to stream income and capital gains to different entities Use of long term leases to enable development by a related entity Managing Division 7A exposure Managing exposure to CGT event E4 Access to CGT concessions Potential involvement of SMSFs Land tax considerations. Lunch Session 3: Capital Expenditure - Avenues for Deductions The tax law continues to present a range of approaches to capital expenditure, from immediate deductions to no deductions, and everything in between. This session will focus on common types of expenditure arising from capital events such as the acquisition of assets, acquisition of businesses, restructuring of groups and the sale of assets or businesses. Drawing on recent case law developments as well as key legal distinctions, the case studies will explore situations such as: Expenditure under the black hole provisions in section Costs of enhancing or defending goodwill Intangible and intangible depreciating assets Debt vs equity classification Transaction costs resulting from an acquisition or disposal. Event Close Presented by DW Fox Tucker Lawyers Workshop Leader: Briony Hutchens, CTA Workshop Facilitators: Eddy Nehme John Tucker, CTA-Life Brett Zimmermann, CTA Presented by PwC Workshop Leader: Alistair Hutson, CTA Workshop Facilitators: Michael Johns, FTI James Puchlenko Kit Wong THE TAX INSTITUTE South Australian Tax Intensive - 3

4 PRESENTER PROFILES An overview of our experts Diane Cooper is a Tax Consultant at Perks Chartered Accountants. She has several years experience working with clients from not-forprofit organisations, SMEs through to large company groups. She undertakes compliance work and provides advice on a range of areas including Fringe Benefits Tax, Capital Gains Tax, Income Tax and Fuel Tax Credits. Briony Hutchens, CTA, is a Director in DW Fox Tucker s specialist Tax team, acting on behalf of a wide range of clients on matters ranging from one-off, large and complex matters to those encountered on a daily basis. She advises on most areas of state and federal taxes including business structuring issues; state taxes, including stamp duty, land tax and payroll tax; taxation disputes (state and federal); trusts; self-managed superannuation funds; property and joint venture projects; estate and succession planning and all aspects of commercial transactions. Briony is a Chartered Tax Adviser and is currently completing a Master of Taxation. She is recognised in Best Lawyers Australia for her expertise in wealth management and succession planning. Alistair Hutson, CTA, is a Partner in the Corporate Tax Group of PwC in Adelaide. He provides taxation advice and support for corporate clients across areas such as mergers and acquisitions, tax due diligence, capital gains tax, cross-border transactions, international tax structuring, funding decisions and repatriation of profits. Alistair is a member of The Tax Institute s SA State Council. Michael Johns, FTI, is a Director in the Corporate Tax Group of PwC Adelaide. Michael has over 14 years experience in providing corporate tax advice across a wide range of public, private and foreign clients. He also assists ASX listed and privately owned companies in managing their tax accounting and tax compliance affairs. Jennifer Jones, CTA, is a Senior Manager in the Technical Tax Consulting Division at Perks Chartered Accountants. She has many years of experience assisting clients from a wide range of industries on tax matters, including tax compliance. She has advised small to medium-sized enterprises on issues such as corporate tax, capital gains tax including the small business CGT concessions and restructures, liquidations, tax consolidation, fringe benefits tax and GST. Sarah Luxton is a Tax Consultant at Perks Chartered Accountants. Sarah has several years experience working with a variety of different clients from SMSFs, SMEs through to large company groups. Sarah undertakes compliance work and provides advice on a range of areas including Small Business CGT Concessions, Capital Gains Tax, Division 7A, Income Tax and Fuel Tax Credits. Eddy Nehme is a Senior Associate in DW Fox Tucker Lawyers Tax, Corporate & Commercial and Property practices. He undertakes a large amount of work related to State and Federal taxes and commercial and property transactions. This often involves structuring, and restructuring, various property holdings or business structures to maximise tax efficiency and wealth creation opportunities. He also represents clients to the ATO and Revenue SA and is frequently involved in estate and business succession planning. Eddy holds degrees in Law, Accounting and Business and has a Master of Taxation. He was also a finalist in the 2016 Tax Adviser of the Year Awards within the Emerging Tax Star category. Brian Nimmo, CTA, is a Director at Perks Chartered Accountants. Brian draws on his general business advisory experience, as well as his background in specialist taxation consulting, to provide clients with commercially focused strategic taxation advice. Neil Oakes, CTA, is a Tax Director at Perks Chartered Accountants and holds a Masters Degree in Tax Law from UNSW (Atax). Neil currently heads up the Technical Tax Consulting division within Perks. He specialises in providing commercially focused tax advice to a wide range of small, medium and large businesses. Neil s areas of specialisation include Division 7A, corporate restructuring and small business CGT concessions James Puchlenko is a Partner in the Corporate Tax Team of PwC Adelaide. He has over 20 years of experience (7 years as partner) in Australia and the UK providing compliance, due diligence, international tax and tax efficient structuring and general advice to inbound and outbound clients across a wide range of industries and covering a variety of taxes and duties. John Tucker, CTA-Life is the Taxation team leader at DW Fox Tucker Lawyers. Often nominated as South Australia s leading tax specialist, he is also widely regarded as being among the top tier in Australia, as reflected by his peer recognition in Australia s Best Lawyers His experience spans over four decades. He is regularly sought out to act in the most difficult of matters. He is a life member of The Tax Institute and has served as its National President. Kit Wong is a Senior Manager in the Corporate Tax Group of PwC Adelaide. She has over 13 years of experience in providing corporate tax advice to clients in various industries. Kit has been assisting clients in M&A transactions and inbound and outbound investments across Asia in addition to helping them with their tax compliance affairs. Brett Zimmermann, CTA is a Senior Associate with DW Fox Tucker Lawyers and has practiced tax and commercial law for many years advising and assisting clients in many varied matters; the conduct and resolution of tax (& other) disputes, asset and business restructures, liquidations, trusts and equity law to mention the main. Brett lectures taxation law to both undergraduate and masters students at the University of Adelaide, and writes detailed commentary for leading legal commentary service Thomson Reuters, primarily in the area of capital gains tax and tax losses. Brett is also asked to present nationally and locally on capital gains tax, wine equalisation tax and SA s landholder stamp duty provisions. 4 - THE TAX INSTITUTE South Australian Tax Intensive

5 FURTHER INFORMATION What, when and how to Inaugural Members Annual Dinner proudly supported by Thursday 20 October 2016 Open to all SA Tax Intensive attendees, Members, partners and colleagues (whether attending the SA Tax Intensive or not). Join us for pre-dinner drinks in the Rick Davies Bar followed by dinner and entertainment in the stunning Cathedral Room. 7.00pm 7.30pm 7.30pm Pre-dinner drinks and canapés Dinner Price: Inclusive in full registration Additional tickets can be purchased for $130 per person Please refer to the registration form to book tickets. Optional Social Activities RoofClimb Adelaide Oval Your RoofClimb Adelaide Oval will venture from the Western Stand to the Riverbank Stand on a purpose built path. Navigate the open link bridge connecting the modern architectural feats. Stand on the open platform over the southern goal square and have your picture taken as you lean out to take a mark higher than anyone has before! RoofClimb Adelaide Oval will offer breath taking views and a unique perspective of the city and its surrounds. Date: 20 October 2016 Time: 12.00pm 2.00pm (Group 1) 12.20pm 2.20pm (Group 2) Price: $89 per person Limited spots available first come first served so get in quick! Please refer to the registration form to book tickets. Macks Advisory are pleased to giveaway two RoofClimb tickets. To participate in the prize draw, just tick this box Entry must accompany registration/s and entries close on 16 September Stadium Tour Go behind closed doors where you ll discover hidden secrets and relive celebrated moments. Witness the unique integration of the Oval s iconic heritage blended seamlessly with world-class facilities. Access restricted areas and experience the roar of the crowd as you take to the ground through the interactive player s race. Step into living history as you explore inside the iconic scoreboard, and see where some of the world s greatest musicians have entertained sold-out crowds. Date: 20 October 2016 Time: 12.30pm 2.00pm Price: $15 per person Limited spots available first come first served so get in quick! Please refer to the registration form to book tickets. The Bradman Collection The Bradman Collection on loan by the State Library of South Australia, is on display at the newly developed Adelaide Oval in a state of the art, purpose built museum, located in the Riverbank Stand (access through the South Gate off War Memorial Drive). The Bradman Collection is a world class exhibition dedicated to an Australian legend and international hero who made Adelaide his home. Watch footage of Bradman in the theatrette, test your own skills with the interactive museum, and browse through personal items including cricket bats, balls, trophies, items of clothing and more. This free activity is open from 9.00am 4.00pm and available to attend at your leisure. Dress code Business casual attire is suitable for the duration of the conference program and for the dinner. Delegate list A delegate list will be provided to assist with networking. If you do not wish to be included on this list, please indicate this on the registration form. The Oval War Memorial Drive, North Adelaide Parking is available at the venue at the rate of $13 per day for those attending the event. Please refer to the registration form. Accommodation: Accommodation room rates have been negotiated for event delegates at the Intercontinental Hotel, North Terrace Adelaide. To access these favourable rates or for additional hotel options, accommodation bookings can be made through Ozaccom by calling or by visiting accommodation.aspx Please note that as per hotel booking conditions, all accommodation booked is non-refundable. All additional hotel incidentals, including breakfast, remain the responsibility of delegates, and individuals will be responsible for payment of the balance on their account when checking out of the hotel. Please note that extra charges may be incurred for additional guests, and will be charged to individual room accounts upon checkout. THE TAX INSTITUTE South Australian Tax Intensive - 5

6 FURTHER INFORMATION What, when and how to How to Register Online: Register online or go to Fax: Post: The Tax Institute, GPO Box 1694, Sydney NSW 2001 Enquiries: Marie McAvoy (08) Registration inclusions Full registration includes participation in the full technical program and workshops, soft copy materials via the Tax Institute CPD App, dinner on Thursday night, lunch on Friday and all refreshments during seminar hours. Registration fees do not include optional social activities, accommodation or hotel incidentals. CPD accreditation 3 hours Continuing Professional Development Accreditation per workshop session. Paperless event To assist in reducing the environmental impact, the standard registration option will only provide electronic access to materials. For an additional fee of $100, delegates may choose to receive hard-copy materials at the event. Please refer to the registration form. The Tax Institute App The Tax Institute App will be available for download one week prior to the event. The app will contain session and presenter information, the delegates list and available technical materials. You will receive instructions via detailing how to download the app. Pre-event preparation The SA Tax Intensive is an interactive event. The value of the workshop component is maximised for delegates when preparation for, and participation in the workshop case studies is undertaken. Workshop materials and suggested readings are circulated to delegates via the Event App one week prior. Wi-Fi Internet access will be available for conference delegates using a dedicated access code, provided to delegates on registration. Flexible Registration Options Early bird registration All registrations received and paid for in full by Friday 16 September 2016 will be entitled to the early bird rate. Thursday registration This registration option entitles one delegate to attend session 1 plus the Members Annual Dinner and includes access to soft copy materials and session refreshments. Friday registration This registration option entitles one delegate to attend sessions 2 & 3 and includes access to soft copy materials and full day refreshments. Registration does not include attendance at the dinner on Thursday night. Individual session registration This registration option entitles one delegate to attend one technical session, access to soft copy materials and session refreshments. Employer ticket This registration option allows one full registration to be shared between multiple attendees (max 3) from the same firm. Attendance at any session of your choice includes soft copy materials and session refreshments. Group discounts Purchase four full registrations and receive the fifth free. All attendees must be from the same firm and all must register at the same time. This offer is only valid for registrations received before the close of the early bird offer and cannot be redeemed in conjunction with any other offer, promotional code or discount. Mates Rates Introduce a mate or colleague to the 2016 SA Tax Intensive and save $250 on your own registration. Both registrations must be received together, and one registration must be a first-time attendee. This offer cannot be redeemed in conjunction with any other offer, promotional code or discount. Confirmation of registration A confirmation letter and tax invoice will be sent via once completed registration and payment is received. Alteration and cancellation policy (including changing or transferring sessions) The Tax Institute reserves the right to alter, amend or cancel all or any of the arrangements contained in the program. It is a condition of registration that an administration fee of 20% of the registration fee will be charged for cancellation by delegates. Cancellations must be received in writing by The Tax Institute at least five working days prior to the event. No refund will be given for cancellations received within five working days of the event; however, a replacement may be nominated. If the replacement is not a member, the non-member registration fee will apply. CPD hours will be allocated to the designated attendee. The Tax Institute cannot accept responsibility for delegates late transport arrivals or non-arrivals due to delays. Become a member There is no time like the present to join Australia s premier tax body and take advantage of the special new member introductory offer. For an additional $100 on the member registration fee (valid to 30 June 2017) receive a complimentary two-week trial to Tax Knowledge exchange, the Institute s electronic information resource upon application along with other benefits including: Taxation in Australia journal TaxVine e-newsletter TaxLine Research Service free to members CPD event discounts Publications and tax product discounts Business Alliance Partner discounts. 6 - THE TAX INSTITUTE South Australian Tax Intensive

7 REGISTRATION FORM Please photocopy for additional delegates. All prices quoted include GST. ABN South Australian Tax Intensive October 2016, Adelaide Oval M1/WD Delegate contact details Register Online Save time, register online at taxinstitute.com.au Registration and event enquiries Please or Mail GPO Box 1694 Sydney NSW 2001 Fax Title: (Dr/Mr/Mrs/Miss/Ms/Other) Company: First name: Last name: Member no: Postal address: Position: Tel: Mobile: State: Suburb: Postcode: Fax: Please tick this box if you do not wish your name to be included on the delegate list provided to all attendees for networking purposes. Dietary requirements: Date issued: Full registration Please see page 6 for registration inclusions Early bird registration price (register on or before 16 September 2016) Member $1,050 New member* $1,350 Non-member $1,450 Mates rates members $800 (see page 6 for details) Standard registration price (register after 16 September 2016) Member $1,170 New member* $1,470 Non-member $1,570 Mates rates: Name of new attendee Hard copy materials - add $100 (refer materials options details on page 6) *SPECIAL NEW MEMBER OFFER The new member registration fee includes convention registration at the member rate plus affiliate level membership until 30 June Please read and sign below to take up membership and take advantage of the many membership benefits (refer page 6). Declaration: I hereby apply for membership of The Tax Institute. I declare I am a person of good fame, integrity and character and agree to be bound by the Constitution of The Tax Institute. For more information on membership, visit taxinstitute.com.au. *Signature: Date: Flexible registration options Please see page 6 for registration inclusions S1 Thursday only (includes session refreshments and attendance at the Members Annual Dinner) Member $600 Non-member $750 S2 & S3 Friday (includes session refreshments and lunch) Member $950 Non-member $1,100 Single session (includes session refreshments) Member $550 Non-member $700 Please tick required session/s S1 S2 S3 Employer ticket (includes session refreshments only) Early bird $1,050 Standard $1,170 Additional names: 1: S1 S2 S3 2: S1 S2 S3 3: S1 S2 S3 Please tick one session per person only

8 Inaugural Members Annual Dinner Dinner is INCLUDED in the full registration fee for delegates. Yes, I WILL, be attending the dinner on Thursday 20 October 2016 OR No, I WILL NOT, be attending the dinner Yes, I REQUIRE, additional tickets for the dinner No. of tickets: at $130 each Name/s: Dietary requirements: Optional social activities RoofClimb Adelaide Oval Thursday 20 October Name: Name: Yes, I REQUIRE ticket/s at $89 each: $ Group 1 (12.00pm-2.00pm) Group 2 (12.20pm-2.20pm) Stadium Tour Thursday 20 October 12.30pm 2.00pm Name: Name: Yes, I REQUIRE ticket/s at $15 each: $ Parking Yes, I REQUIRE ticket/s at $13 each per day: $ Payment details summary Registration fee $ Printed material (add $100) $ RoofClimb Adelaide Oval (add $89 per person) $ Stadium Tour (add $15 per person) $ Additional dinner ticket ($130 per person) $ Additional lunch ticket ($60 per person) $ Parking (add $13 per ticket per day) $ Total payable $ Payment method Please note: All registration payments must be made prior to the event, unless other arrangements have been made with The Tax Institute. I enclose a cheque* for $ *Please make cheque payable to The Tax Institute in Australian dollars. Please charge my credit card $ Card type: AMEX Visa MasterCard Diners Card no. / / / Expiry date: Cardholder s signature: Cardholder s name: For further information regarding this event, please contact Marie McAvoy on or mariemcavoy@taxinstitute.com.au. Replacements Please note: Registrations for the event are not interchangeable, but replacements are acceptable. Please notify us at least two days prior if you intend on sending a replacement. CPD hours will be allocated to the designated attendee. If the replacement is not a member, the non-member registration fee will apply. Cancellations The Tax Institute must receive cancellations in writing five working days prior to the event. No refund will be given for cancellations received within five working days of the event. A replacement may be nominated. Further details on The Tax Institute s cancellation policy can be found at taxinstitute.com.au. Marketing and Business Alliance Partner exclusions I no longer wish to provide my contact details to The Tax Institute s contracted business partners. I no longer wish to receive marketing correspondence from The Tax Institute. We take your privacy seriously. Our policy can be viewed at taxinstitute.com.au/go/footer/privacy. 0093SA_07/16