Private Company Capital Management – The 24th Noosa Tax Intensive

Paul Lyon, ATI, is a Tax Partner with EY in Sydney. Paul will be one of more than 30 experts heading north in November for the 24th Noosa Tax Intensive where he be one of the leaders for a workshop on 'Capital Management Issues', coordinated by Scott McGill, CTA (Pitcher Partners). The workshop draws on two plenary sessions on Private Company Capital Management, presented by Paul Hockridge, CTA (Mutual Trust) and David Marschke, CTA (Mills Oakley Lawyers) on day one of the Intensive. 

Paul Hockridge, CTAPaul Hockridge, CTA, is a Tax Partner at Mutual Trust with over 30 years’ experience in tax, asset protection, estate and succession planning, FBT and salary packaging. We spoke to both Pauls about what to expect in the plenary session and the workshop.

Specialising in advising high-wealth families and closely held businesses as well as many accounting and law firms, Paul Hockridge teaches in the Masters program in the Law School at the University of Melbourne and has been involved in consultation with both federal and state governments on a variety of tax matters. 

In his plenary session, Private Company Capital Management – Part 1, Paul Hockridge looks at getting value out of the company, and strategies for the founding shareholders to extract retained earnings from the private company. The session will also look at getting money out of cash box companies, franking credit refunds through SMSF shareholders, dividend strategies, utilising Div 7A secured and unsecured loans, dividend access shares, pre-sell down restructuring and more.

Asked what delegates can expect to learn from the plenary, he told us “They will discover how they can extract wealth without paying unnecessary tax, as well as some non-obvious traps to avoid. The session will provide a checklist of ideas and potential traps.”

Paul Lyon, ATI
At EY, Paul Lyon specialises in advising private groups, and has been part of an expert panel providing assistance to the Board of Taxation and sat on a number of ATO subcommittees. The workshop Paul and the team will lead will draw on the issues in dealing with equity in private companies. A series of case studies will look at real-life examples around strategies for repatriating money out of private companies to the shareholders, introducing new equity participants, dividend access shares, and other matters.

Paul tells us to expect “Practical tips as well as technical traps, that will help delegates identify the important issues in advising private groups”.

Paul is joined by workshop leaders Chris Ardagna, CTA (Brown Wright Stein Lawyers), Martin Booth, CTA (Pitcher Partners), Hannah Soh, CTA (Deloitte), Todd Want, CTA (William Buck), and Tristan Webb, CTA (Crowe Horwath).

When asked about other sessions at the Intensive they are looking forward to, Paul Lyon said “As one of the workshop leads, I’ll be paying particular attention to the two plenary sessions the workshop draws on (Private Company Capital Management – Parts 1 and 2), but to be honest, the entire program appeals to me.” Paul Hockridge told us “I’m keen to hear Simon Steward, QC, FTI, and the ATO’s Kirsten Fish, CTA, on ‘When will Part IVA be an issue with SME reorganisations’”. 

The 24th Noosa Tax Intensive takes place 10-11 November 2016 at the Sofitel Noosa Pacific Resort and features seven plenary sessions and three workshops over the two days, and includes 13.5 CPD hours. Find out more about the workshop and the plenary sessions here.

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