Taxation

2016/17 Annual Report

The Taxation Committee sits as a joint Committee of the Law Society of Western Australia and the Law Council of Australia.

In 2016/17 the Committee welcomed new members to the Committee. Their willingness to join the Committee and contribute at the meeting is commendable. The Committee is actively seeking new members.

In 2016/17 the Committee made submissions to the Law Society’s Council on various State and Commonwealth taxation issues. This work involved considerable effort by members resulting in an improvement in the taxation laws.

There have been several additional procedural requirements added to the Resident Capital Gains Withholding Tax that came into effect from 1 July 2016.

Committee members were involved in serving on various committees of the Law Society, the Law Council of Australia and various advisory taxation committees involving the Australian Taxation Office and other representative organisations. Debts owed to the ATO by Western Australians are a matter of interest in the present state of the economy in Western Australia. A member with experience in this developing area, Mr John Fickling has volunteered to join future discussions with the ATO and other state practitioners via the Legal Profession Roundtable telephone link-up.
Any member having problems communicating with the ATO can contact the Committee and their problem can be raised at the next meeting of the Tax Round Table, a practitioner’s forum to assist practitioners’ access to the ATO.

Committee members have also contributed to the Law Society’s Education Committee for CPD seminars and presented at seminars on current tax issues. Members of the Committee published articles of interest to the legal profession in the Law Society’s Brief journal and other journals.

The Committee would like to thank Humphry Faas for keeping the Committee informed of recent developments in taxation raised by the Law Council of Australia’s Taxation Committee. The Committee presents a monthly report at the meetings of the developments in taxation across Australia.

The Committee had a very successful year.

For more information about this committee please email General Manager, Advocacy – Mary Woodford, advocacy@lawsocietywa.asn.au