Minter Ellison submission to the Financial System Inquiry
Minter Ellison supports regular reviews of Australia’s financial system. The Wallis inquiry, the Henry review and the Johnson report each provided the context for discussion and constructive change aimed at reshaping the financial services sector for the benefit of Australians while factoring in the interests of the global investment community.
We therefore welcomes the Financial System Inquiry (FSI) and the opportunity to offer detailed insights and recommendations to the inquiry via this written submission.
While we agree with the key themes of the FSI identified by the chairman — funding the Australian economy, ensuring the financial system has the right balance between competition, stability and efficiency and addressing the impact of and facilitating the opportunities arising from technology — we submit there are a number of other fundamental themes and key legal and regulatory issues that the inquiry should consider…
Click on the link below to read the rest of the Minter Ellison briefing.
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Briefings from Minter Ellison
This page provides a link to all the relevant discussion papers.
Despite their prevalence, there has been some uncertainty in relation to the income tax treatment of earnout arrangements.