Australian Family Office Series Part 1: Market Snapshot & Family Office Models｜澳洲家族办公室系列
The concept of a family office is well-known worldwide, but its structure and operation can vary across countries and jurisdictions. To help our Asian clients better understand the Australian family office landscape, we are introducing an Australian Family Office series and sharing selected contents from the Australian Family Office Comparative Guide authored by Christine Fleer, […]
Understanding Common Reporting Standard (CRS)
The Common Reporting Standard (CRS) is the single global standard for the collection, reporting, and exchange of financial account information on foreign tax residents. Under the CRS, banks and other financial institutions collect and report financial account information on foreign tax residents to the ATO. The ATO exchanges this information with participating foreign tax authorities […]
Cultural Context Matters: Cheung v FCT
Cultural Context Matters: Cheung v FCT In certain cases, the Australian Taxation Office (ATO) has exercised its authority to determine that funds transferred from overseas to Australian tax residents are assessable income—unless the taxpayer can prove otherwise. It is common for individuals or families who have migrated to Australia to receive financial support from overseas […]
Jenny Xu: Introducing the SIP Asia Desk.
After starting her early accounting career in China, Jenny moved to Australia in 2004 and completed a Master of Professional Accounting from Monash University. CA qualified, she joined the Deloitte Partner Services in 2013 and was entrusted with their high-level personal tax and affairs. Completing her Master of Taxation from The University of Melbourne during […]
