Full Court Minute Books

Case B60/2017

The Commissioner of Taxation of the Commonwealth of Australia v. Thomas
The Commissioner of Taxation of the Commonwealth of Australia v. Martin Andrew Pty Ltd
The Commissioner of Taxation of the Commonwealth of Australia v. Thomas Nominees Pty Ltd
The Commissioner of Taxation of the Commonwealth of Australia v. Thomas

Case No.

B60/2017, B61/2017, B62/2017 and B63/2017

Case Information

Lower Court Judgment

12/04/2017 Federal Court of Australia (Dowsett J, Perram J, Pagone J)

[2017] FCAFC 57

Catchwords

Taxation –Franking credits– Income Tax Assessment Act 1997 (Cth) pt 3-6 div 207 – Where trustee resolved to apply net income of trust fund to benefit of two beneficiaries on assumption franking credits could be treated as separate category of income from dividends to which credits attached – Where Commissioner of Taxation notified trustee of intention to commence audit – Where trustee sought directions from Queensland Supreme Court under Trusts Act 1973 (Qld) s 96 as to proper construction of trust deed and resolutions – Where Commissioner notified of proceedings but did not seek to become party – Where Supreme Court declared trustee resolutions effective to achieve franking credit distributions – Where Commissioner of Taxation issued amended notices of assessment – Where primary judge upheld amended assessments – Where Full Court allowed appeal – Whether Full Court erred in concluding Commissioner bound by declarations made by Supreme Court – Whether Full Court erred in concluding franking credits may be distributed on a different basis to income from dividends.

Documents*

20/10/2017 Hearing (SLA, Sydney)

02/11/2017 Notice of appeal

24/11/2017 Written submissions (Appellant)

24/11/2017 Chronology (Appellant)

15/12/2017 Written submissions (Respondents)

12/01/2018 Reply

*The due dates shown for documents on this page are indicative only. 

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