On 3 May 2016, the Federal Government announced it was committed to a new voluntary Tax Transparency Code (‘TTC’) and encouraged all companies to adopt the TTC (published by the Board of Taxation) from the 2016 financial year onwards. BOQ has voluntarily adopted the TTC and produced the tax report below for the year ended 31 August 2016.
What you might need to know about tax
The Australian Tax Office (ATO) has important information listed on their Investing webpage.
It is recommended that shareholders obtain independent advice if they are in any doubt as to tax implications relating to their BOQ holding. A list of registered tax agents can be viewed on the Tax Practitioner Board webpage.