Wentworth District Capital Ltd v Commissioner of Taxation

JurisdictionAustralia Federal only
Neutral Citation2010-0813 FCA C,2011-0328 FCA A
Date2010
CourtFederal Court
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2 cases
2 firm's commentaries
  • Company Supporting Community Bank is Tax Exempt; Decision Now Subject to an ATO Challenge
    • Australia
    • Mondaq Australia
    • 1 Noviembre 2010
    ...Federal Court decision handed down by Perram J in Wentworth District Capital Ltd v Commissioner of Taxation [2010] FCA 862 ruled that a company supporting a community bank was established for 'community service purposes' and was therefore exempt from income The decision could be regarded as......
  • Full Federal Court confirms that a community bank can be tax exempt
    • Australia
    • Mondaq Australia
    • 7 Abril 2011
    ...Background to the decision Recently, a decision handed down by Perram J in Wentworth District Capital Ltd v Commissioner of Taxation [2010] FCA 862 was appealed by the ATO to the Full Federal Court (refer to previous article: http://moorestephensresources.com.au/articles/399/1/Company-suppo......

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