Tracey Dunn is the Director, EY Private – Tax at Ernst & Young in Perth. Tracey has a Bachelor of Business (Accounting), a Graduate Certificate in Commercial Law, a Bachelor of Laws and a Graduate Diploma in Legal Practice. Tracey was admitted as a lawyer in the Supreme Court of Western Australia in May 2022. Tracey has worked in public practice for over 20 years. Prior to commencing a career in public practice, Tracey worked in commerce in various roles. Tracey’s expertise lies in providing both simple and complex tax advice to high wealth high net worth individuals, private groups, small and medium-sized businesses, and corporate entities. She has significant experience in advising on the application of FBT, Div 7A and trusts. Tracey regularly presents on taxation topics including the taxation of cryptocurrency and digital assets.
The latest ATO interpretation of ‘financial accommodation’ for the purposes of section 109D(3) ITAA 1997 where corporate beneficiaries fail to demand immediate payment of trust entitlements. The complexities arising from the various ATO interpretations of the application of Division 7A to trust entitlements, in particular the treatment of trust entitlements conferred on corporate beneficiaries in respect of the 2022 financial year. The impact and ongoing legacy implications of the ATO guidance set out in PCG 2017/13