The ATO continues to roll out its review of our industry with the latest wave being through the Next Action Risk Review (NARR) for some funds. This presentation briefly touches on the areas of focus in relation to these reviews but importantly explore what can we learn from them as to next steps on managing the ever-increasing expectations on tax governance in our community, with our regulator and with our Boards.
Our panel considers and discusses:
- considerations from recent Next Action Reviews from the ATO
- avenues available to the ATO to pursue outcomes
- engagement strategies with the ATO
- other areas of focus when considering next steps such as brand awareness, non-financial matters and Board support.