MAx - Issue 4

9 November 2011

Private equity vs. the ATO - the final verdict?

It’s almost 2 years since the Australian Taxation Office (ATO) first went after the TPG group in respect of the sale of Myer, and only last month that the ATO’s most recent court action against TPG failed.

During this time, the ATO has released 4 determinations relating to private equity investment in Australia. This edition of MAx summarises the key points arising from the ATO’s final determinations.

For further information please contact:

Joshua Cardwell
Director, Greenwoods & Freehills
+61 2 9225 5887
joshua.cardwell@gf.com.au

Toby Eggleston
Director, Greenwoods & Freehills
+61 3 9228 1451
toby.eggleston@gf.com.au

Richard Hendriks
Director, Greenwoods & Freehills
+61 2 9225 5971
richard.hendriks@gf.com.au

Tim Neilson
Special Counsel, Greenwoods & Freehills
+61 3 9288 1054
tim.neilson@gf.com.au

Cameron Blackwood
Senior Associate, Greenwoods & Freehills
+61 2 9225 5950
tim.neilson@gf.com.au

These notes are in summary form designed to alert clients to tax developments of general interest. They are not comprehensive , they are not offered as advice and should not be used to formulate business or other fiscal decisions.

Liability limited by a scheme approved under Professional Standards Legislation.