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Healius Provides Update on Tax Case for FY 2003 to 2007

29 Nov 2019  |  10:01:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Update on Tax Case for Financial Years 2003 to 2007

Healius announced that, with reference to a court case relating to the tax treatment of healthcare practitioners lump sum payments, the Federal Court of Australia decided in favour of the Company. By way of background, it was advised in 2015 that lump sum payments made by the Company to healthcare practitioners for the financial years 2010 to 2014 were tax deductible. It subsequently filed an application for similar tax deductions for the financial years 2003 to 2007, which was subject to the Commissioner of Taxation's (Commissioner's) discretion in allowing the Company to lodge an out-of-time objection.

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