RSM Australia

Our People

Contact Tracey

E: [email protected]
T: +61 8 9261 9133

Tracey Dunn
Associate Director - Perth


Office : Perth
Services : Tax services, Tax planning and transaction support, Tax compliance
Sector : Family Law
Biography

Tracey is an Associate Director in the Tax Services division of RSM in Perth.

Tracey has worked in senior roles in public practice for over sixteen years. Prior to commencing a career in public practice, Tracey worked in commerce in various roles including banking, logistics management, and international trade.

Tracey has experience in assisting clients with ATO high wealth reviews, ATO audits, the preparation of private binding ruling applications, and objections to notices of assessments.

Tracey’s expertise lies in providing simple and complex tax advice to high net worth individuals, small and medium-sized businesses with multiple structures and corporate entities. She has significant experience in advising on the application of fringe benefits tax, Division 7A, and trusts. Tracey regularly presents on taxation topics.

Tracey has provided litigation support in a number of family tax law matters involving high wealth individuals and groups. She is a regular presenter to legal firms that specialise in family law. She has also presented at the Family Law Practitioners Association (WA) Conference in 2017. Tracey writes extensively on the interpretation of tax legislation for businesses and has been published in the Ex Curia magazine. 

Solutions Tracey DUNN Provides

Tracey has experience in tax consulting and analysing the tax position of high wealth individuals and groups in matrimonial matters.

Tracey's experience in tax consulting and litigation support includes:

  • Tax consulting on income tax, fringe benefits tax, Division 7A, capital gains tax, employment taxes and salary packaging, tax impacts of family law settlements, and trusts
  • Preparation of independent expert reportsTracey Dunn, tax consulting and litigation support expert
  • Critique of other expert reports
  • Provision of taxation advice in relation to family law property settlements
  • Provision of litigation support in the Federal Court tax case of Sandini Pty Ltd v Commissioner of Taxation [2017] FCA 287

PROFESSIONAL ASSOCIATIONS

  • Member, Chartered Accountants Australia and New Zealand
  • Certified Practising Accountant, CPA Australia
  • Golden Key National Honour Society

QUALIFICATIONS

  • Bachelor of Commerce (Accounting), Edith Cowan University
  • Graduate Certificate of Commercial Law, Deakin University

 

Publications

Division 7A minimum yearly loan repayments and COVID-19

26 June 2020
The ATO has released long-awaited guidance on Division 7A minimum yearly loan repayments and COVID-19. However, given the late release of the guidance and the onerous requirements to be satisfied in the application form it is arguably too little, too late. In general terms, Division 7A ITAA 1936 (Div 7A) has an application where a private c...
Read more

JobKeeper and Compulsory Superannuation Guarantee

1 June 2020
The Coronavirus Economic Response Package (Payment and Benefits) Rules 2020 (JobKeeper rules) were registered by the Treasurer on 9 April 2020. Many employers have now registered and are receiving JobKeeper reimbursements from the Australian Taxation Office (ATO) for eligible wages paid in April 2020. While this is great news for many busines...
Read more

JobKeeper changes for ACNC registered charities

15 May 2020
On 1 May 2020, Treasury released amendments to the JobKeeper rules, which have effect from the start of the JobKeeper scheme. Included in the amendments was a change to adjust the way in which certain payments made by Federal, State and Territory governments to an ACNC registered charity (‘charity’) are treated when calculating the charity’s ...
Read more

COVID-19 and the impact on EOFY tax and family law

8 May 2020
This week Tracey Dunn, our Associate Director of Tax Services, ran a webinar titled Family Law: Tax and the ongoing impact of COVID-19. The webinar was designed to assist family lawyers understand how the recent COVID-19 crisis and associated stimulus measures may impact on family law property settlements. While there have been some reports o...
Read more

JobKeeper – Service entities, schemes and more complex rules

5 May 2020
The legislative instrument setting out the modified rules for service entities, among other things, was registered by Treasury late in the evening on Friday 1 May 2020. The registration of the legislative instrument followed the release of the Australian Taxation Office (ATO) Practical Compliance Guideline (PCG) 2020/4 which outlines the ATO’s co...
Read more

Important changes to the JobKeeper Program

24 April 2020
The Treasurer, the Hon Josh Frydenberg has announced the government will make further changes to the JobKeeper payment rules.  We summarise the changes below and will provide further updates when they come to hand.   Service Entities  After intense lobbying by professional bodies and industry groups, the JobKeeper scheme w...
Read more

The JobKeeper payment for your SME business

21 April 2020
Enrolment applications for the JobKeeper payment have now opened and for many business owners, the program will provide a much needed lifeline. Small business owners, however, may be feeling the pressure from laid off or stood down employees to apply for JobKeeper, whilst at the same time facing uncertainty not only around eligibility for the pr...
Read more

Clarification required following economic stimulus package

31 March 2020
Fear and uncertainty resulting from the economic impact of COVID-19 (coronavirus) continues to affect business owners and individuals alike. There are immediate issues impacting taxpayers that require clarification. Cash boost for business The cash boost for business has been designed to keep people in jobs, however, the legislation introd...
Read more

$1,500 'JobKeeper' payment - Further support to businesses to retain workers

31 March 2020
The Federal Government announced on 30 March 2020 further support measures for businesses and individuals impacted by COVID-19.  The JobKeeper payment for eligible employers will be effective from 30 March 2020 and delivered through the tax system.  JobKeeper payment  The JobKeeper payment will provide cashflow relief...
Read more

Family Law Property Settlements – potential impact of COVID-19

30 March 2020
Valuations for Family Law property settlements. Valuations are prepared as at a specific date based on circumstances and financial information known at that point, so it’s possible that valuations prepared a month ago or more may no longer be relevant - particularly for sectors which have been impacted more severely than others by COVID-19 (...
Read more

Highlights from the second stimulus package

23 March 2020
The Prime Minister, the Hon Scott Morrison and Treasurer, the Hon Josh Frydenburg have announced the second stimulus package.  The stimulus package provides unprecedented support to those ‘at the front line’ including small businesses, employers and workers who are experiencing the impact of coronavirus now.  The stimulus pack...
Read more

WA State Government’s COVID-19 Stimulus Package – What you need to know

17 March 2020
*This page was last updated on 17 March. For more information, click here. The Western Australian State Government has announced a $607m stimulus package to support WA households and small businesses. The targeted measures will provide welcome relief to families and small businesses impacted by COVID-19. The package includes:...
Read more

Fringe Benefits Tax - Tips and Traps for the 2020 FBT year

13 March 2020
With most employers now using Single Touch Payroll (STP), the Australian Taxation Office (ATO) has access to real-time information about employers and their employees.   If you have employees, the more likely it is you are providing some form of fringe benefit and the higher the expectation the ATO will expect to see you lodge an FBT r...
Read more

Government Stimulus Package

13 March 2020
The Federal Government has announced a $17.6 bn economic stimulus package proposed to support businesses, keep Australians in jobs and support households.  The stimulus package will take effect immediately, however as legislation is required to introduce the measures, Australian businesses and individuals who are proposed to benef...
Read more

Active Asset? Small Business CGT Concessions characterised by ‘use’

4 March 2020
On 20 December 2019, the Federal Court handed down its decision in the case of Commissioner of Taxation v Eichmann [2019] FCA 2155. The case considered the meaning of an ‘active asset’ for the purposes of the small business capital gains tax (CGT) concessions. In particular, the Federal Court considered whether the taxpayer was entitled to the ...
Read more

Superannuation Guarantee (SG) Amnesty Passes Parliament

27 February 2020
The Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019 has been passed by both Houses of Parliament and now awaits Royal Assent.  The superannuation guarantee (‘SG’) amnesty first announced on 24 May 2018 provides employers who have underpaid (or paid late) compulsory employee superannuation to make disclosure with the...
Read more

Changes may see Aussie expats taxed on disposal of their Australian home

18 December 2019
The Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019 (the Bill) was re-introduced to the House of Representative on 23 October 2019 despite widespread criticism of the retrospective nature of the legislation and unresolved issues surrounding the impact on certain Australian residents.  The Bill introdu...
Read more

Working holiday maker or Australian Tax Discrimination?

18 November 2019
On 30 October 2019, the Federal Court handed down judgment in Addy v Commissioner of Taxation [2019] FCA 1768. The decision casts doubt over the validity of the controversial ‘backpacker’ tax originally introduced in 2016.   Justice Logan held that the tax contravened the anti-discrimination provisions of the Double Taxation Agreem...
Read more

Farmers set to lose tax deductions for vacant land

22 October 2019
Farmers are set to lose tax deductions for vacant land – despite calls to Government to change the proposed legislation. The Government provided assurances “…farmers will be fully protected from any unintended consequences of the bill”.  RSM has reviewed the amendment to the Treasury Laws Amendment (2019 Tax Integrity and Other Mea...
Read more

Superannuation Guarantee Amnesty - A case of deja vu

24 September 2019
On Wednesday 18 September 2019, the Assistant Treasurer, Mr. Michael Sukkar, introduced an unexpected but welcome Bill to the House of Representatives.  The Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019, proposes to re-introduce the superannuation guarantee amnesty previously announced in May 2018, but not legislated....
Read more

Negative Gearing of Vacant Land - is this the beginning of the end?

6 September 2019
The Treasury Laws Amendment (2019 Tax Integrity and Other Measures No. 1) Bill 2019 was introduced to Parliament on 24 July 2019. One significant measure of the Bill is the introduction of proposed legislation to limit deductions for losses or outgoings incurred in relation to holding vacant land. The Bill was passed by the House of Representati...
Read more

Tax time for individuals

2 July 2019
With tax time fast approaching, no doubt there are many individual taxpayers eagerly counting down the days until they can lodge their 2019 Income Tax Return and hopefully receive a much-anticipated tax refund. Caution is advised on a number of fronts as tax time 2019 brings with it, new challenges and a focus by the Australian Taxation Office m...
Read more

Instant asset write-off – what can you claim?

17 June 2019
The instant asset write-off is not available for all business assets and determining which assets are eligible may pose a challenge for many small and medium-sized business owners (SME) and their advisers. The simplified depreciation rules for small business taxpayers are set out under Subdivision 328-D Income Tax Assessment Act 1997&n...
Read more

2019 Federal Election - Comparison of policies

6 May 2019
Ahead of the federal election on 18 May, we compare the policies impacting small business owners, as announced by the two major parties.   Fast tracking of reduction in corporate tax rate COALITION The Liberal party have fast-tracked the reduction in the corporate tax rate for small and medium-si...
Read more

2019 Federal Election - Comparison of policies

6 May 2019
Ahead of the federal election on 18 May, we compare the policies impacting small business owners, as announced by the two major parties. ...
Read more

Instant asset write-off changes pass

12 April 2019
The Treasury Laws Amendment (increasing the instant asset write-off for small business entities) Bill 2019 received Royal Assent on 6 April 2019 and is now law.  The Bill in its original form proposed to increase the instant asset write-off threshold to $25,000 from 29 January 2019 and extend the eligibility period to 30 June 2020.  ...
Read more

Uncertainty prevails for taxpayers as election looms

28 March 2019
As the Australian public await a date announcement for the upcoming Federal Election, uncertainty prevails for many taxpayers as they anticipate the outcome of many unenacted and proposed changes to tax legislation. ...
Read more

Uncertainty prevails for taxpayers as election looms

28 March 2019
As the Australian public await a date announcement for the upcoming Federal Election, uncertainty prevails for many taxpayers as they anticipate the outcome of many unenacted and proposed changes to tax legislation. Doubt is also casted over many proposed measures announced as part of the 2018 Federal Budget which remain either at consultation p...
Read more

Fringe Benefits Tax – Tips and Traps for the 2019 FBT year

25 March 2019
With the introduction of Single Touch Payroll (STP), the Australian Taxation Office (ATO) now has access to real-time information about employers and their employees.   If you have employees, the more likely it is you are providing some form of fringe benefit and the higher the risk the ATO will expect to see you lodge a Fringe Benefits T...
Read more

Tax on sale of family home - proposed government change

5 March 2019
Australian expats who own homes in Australia are not the only ones at risk of paying tax on the former family home under proposed changes to capital gains tax (CGT). The proposed changes to the CGT main residence exemption (MRE) for foreign residents was first announced in the 2017 budget, with legislation introduced to Parliament in February 20...
Read more

Changes to Capital Gains Tax exemption for foreign residents

6 February 2019
Controversial legislation enabling the removal of the capital gains tax (CGT) main residence exemption for foreign residents was originally scheduled for debate in the Senate on 16 October 2018.  The widely criticised bill was withdrawn from discussion by the government and did not make its way back on to the Senate list before P...
Read more

Single Touch Payroll Reporting – Clarity for small employers?

12 December 2018
After considerable delays in the Senate, small employers now have some clarity surrounding the implementation date for Single Touch Payroll reporting (“STP”).  The Treasury Laws Amendment (2017 Enterprise Incentives No. 1) Bill 2017 was passed by the Senate on Wednesday 5 December 2018 with a proposed amendment. The Bill introduces, am...
Read more

New black economy measures target withholding obligations and tax deductions

21 November 2018
An extra layer of complexity is added for small businesses as new measures to tighten grip on the black economy targets withholding obligations and tax deduction. The Treasury Laws Amendment (Black Economy Taskforce Measures No. 2) Bill 2018 was passed by the Senate on 15 November 2018 and awaits Royal Assent. The bill amends the Income Tax ...
Read more

Labor party updates policy - implications for negative gearing and CGT

20 November 2018
Implications for negative gearing and capital gains tax concessions The falling housing market in Australia has prompted the Labor party (ALP) to update their policy on negative gearing and capital gains tax concessions. Touted as a “positive plan to help housing affordability”, the ALP claims current concessions are highly inequitable, skew...
Read more

Division 7A or Doomsday

31 October 2018
Treasury Releases Consultation Paper On 22 October 2018 Treasury released consultation paper “Targeted amendments to the Division 7A integrity rule”. The consultation paper has long been anticipated by both taxpayers and advisers waiting for certainty surrounding proposed changes to Division 7A and the resulting tax and financial impact.&nbs...
Read more

Corporate tax rates – what lies beneath, a set of steak knives perhaps?

12 October 2018
A joint media release by PM Scott Morrison and Treasurer Josh Frydenberg announces more changes to corporate tax rates. The announcement lands less than two months after former PM Malcolm Turnbull promised the Federal Government would not introduce any further legislation to change corporate tax rates before the next election. The announcem...
Read more

Understanding the instant asset write-off for farmers and small business

20 September 2018
Australian business owners rejoice – legislation extending the well regarded instant asset write-off program has been passed.  The Treasury Laws Amendment (Accelerated Depreciation for Small Business Entities) Bill 2018 passed in the Senate on 12 September 2018 and now awaits Royal Assent.  The Bill extends the period for which small...
Read more

How the PM’s defeat impacts corporate tax rates

24 August 2018
Following the proposal for reduced tax rates for corporate entities in 2016, the Treasury Laws Amendment (Enterprise Tax Plan No 2) Bill 2017 (the Bill) was ultimately defeated in the Senate on 23 August 2018 by a vote of 36 to 30.  The Bill proposed to progressively extend the 27.5% corporate tax rate to all entities (regardless of turnove...
Read more