Build a tax due-diligence issues list covering ATO audits, CGT, GST and FBT
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Map the data-room papers to a tax DD checklist (returns, ATO audits, tax losses, CGT, GST/FBT, PE risk) and mark empty folders.
- What the lawyer must review
- Tailor the list to the target
- Trusts: check s 100A, UPE/Div 7A after Bendel and trust losses (Div 269 ITAA 1936)
- Companies: check cost-setting (Div 705 ITAA 1997), off-market buy-backs, loss integrity
- Check SPA cover for each risk
- Set the risk ratings yourself
- Written for / version
- Commonwealth versionCth
Rules that apply
The document starts from the task name. Change it if this piece of work is different.
Who does what
| Role | What they do |
|---|---|
| Assistance | Potential support includes identifying points for review. Confirm the tool’s capability and permitted scope. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.