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Where are the cost setting rules in 2009 paper?


The asset cost setting rules are the core of consolidation but there are surprises in their application. This paper reviews the fundamentals of the process with a focus on refreshing understanding and addressing issues that arise in practice including:

  • asset identification and allocation
  • goodwill and the accounting interface
  • what is a retained cost base asset?
  • revisiting previous settings
  • setting values on exit
  • emerging issues.

Author profiles

Michael Charles ATI
Michael is a Client Director at Pitcher Partner. He has advised multi-national, private and high wealth individuals, especially on tax consolidation and M&A in the SME sector. Michael frequently presents to professional and specialist bodies on a wide range of tax issues, is a member of the Tax Institute's Professional Development Committee (Victoria) and Victorian State Council and teaches in the Melbourne university Law School Masters’ program. - Current at 15 September 2021
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Geoffrey Yiu ATI
Geoffrey Yiu, ATI, is a Partner at KPMG with over 18 years experience providing income tax advice to companies in the financial services sector. Geoffrey leads KPMG’s Banking and Finance tax practice and has recently returned to Sydney, after secondments to Melbourne and Adelaide. - Current at 02 November 2018
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This was presented at 4th National Consolidation Symposium .

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Individual sessions

ATO perspective on consolidation - Unravelling the mysteries of the single entity rule

Author(s):  Des MALONEY,  Peter WALMSLEY

Materials from this session:

Consolidation: Legislative changes (Part B)

Author(s):  Peter MURRAY

Materials from this session:

Consolidation and mining assets – Some selected acquisition issues checklist

Author(s):  Cameron RIDER

Materials from this session:

Tax consolidation – Financial services

Author(s):  Tony STOLAREK

Materials from this session:

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