| Taxation |
TaxationTaxationThe Taxation Working Group is the voice on tax reform for the custodial industry. The Working Group works closely with regulators and industry bodies such as the Australian Taxation Office, Treasury, the Financial Services Council, Australian Superannuation Funds Association and Australian Financial Markets Association in developing and reviewing proposals for reforming taxation of the financial services industry. The Working Group formulates ACSA’s position on various tax reform proposals and acts as a discussion forum where members can raise tax issues of concern. For major reform projects such as the managed investment trust tax reforms and industry templates; sub-groups are formed to participate in drafting submissions and identifying issues. The group typically lodges several detailed written submissions with tax regulators annually, and is involved in regular consultation. The Taxation Working Group is responsible for:
How do we do this?
ATO Third Party Tax GovernanceDraft Attestation LetterThe ATO’s Third Party Data Governance paper suggests that custodians might consider providing annual assurance to clients on a number of matters. Custodian members might find this draft useful for satisfying client attestation requests.
Sub GroupsFund Tax Data StandardThis sub-group has carriage of ongoing maintenance and promotion of the Fund Tax Data Standard. READ MOREExecutive SponsorJennifer Saunders - State Street ChairDuncan Lyon - J.P. Morgan Deputy ChairJodie Bosler - HSBC Basem Reda - Thomson Reuters
“Being involved in WGs is…rolling up your sleeves with your industry peers, identifying opportunities, solving ‘big’ problems and shaping the future of the industry. Essentially Its about staying curious, being collaborative and contributing to something
beyond the day-to-day. All of which absolutely resonates with me.”
Jodie Bosler
HSBC Working Group Submissions5 November 2024ACSA has concerns about the interpretation and operation of the provisions detailed below and would welcome guidance from the ATO on the practical operation of these provisions. Learn More20 August 2024Thank you for the opportunity to comment on the Draft Law Companion Ruling LCR 2023/D1 – The corporate collective investment vehicle regime released by the Australian Taxation Office on 1 November 2023. Learn More18 December 2023Thank you for the opportunity to comment on the Draft Law Companion Ruling LCR 2023/D1 – The corporate collective investment vehicle regime released by the Australian Taxation Office on 1 November 2023. Learn More16 November 2021Submission on Taxation of Financial Arrangements – hedging and foreign exchange deregulation Learn More |
1/10/2025ACSA Industry Wrap - September 2025
3/09/2025ACSA Industry Wrap - August 2025
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