Essential Skills: Insolvency

Tax issues

Understanding and managing the many tax issues that arise during an insolvency administration is an essential skill for all insolvency professionals.

This course provides a working knowledge of the tax issues faced by insolvency practitioners including meeting PAYG and BAS reporting requirements, GST reporting when acting as Agent for the Mortgagee. 

It includes an introduction to payroll tax and fringe benefits tax.

Learning objectives

At the end of this course you will be able to:

• Comply with obligations to notify the ATO.
• Meet STP and PAYG withholding obligations.
• Consider GST reporting obligations.
• Address common GST issues.
• Recognise GST adjustments when paying final dividend.
• Distinguish GST reporting when acting as Agent for the Mortgagee in Possession.
• Identify liability for post-appointment income, profits or gains.
• Understand ATO garnishee notices.
• Introduce FBT and Payroll tax.

Who should attend?

• Junior insolvency practitioners who want to build their knowledge of insolvency.
• Senior insolvency practitioners who want to expand or refresh their knowledge of this topic.
• Lawyers who want to understand this area of insolvency.

Prerequisites

We recommend you complete the Introduction to Insolvency Program, or have one year of on-the-job experience prior to attending this course.

CPE

TBC - maximum of 2 CPE verifiable hours. 

Please see our enrolment and cancellation policy. For further information contact our education team.