WORKING OFFSHORE? TRANSFERRING MONEY TO AUSTRALIA? BEWARE OF AUSTRAC & THE ATO!
By Andrew Henshaw, Director, Velocity Legal
Australia is a big, isolated island. Despite our isolation, Australians are very well travelled. For some Australians, travel leads to living and working overseas for a prolonged period. For example:
- highly skilled Australian professionals engaged in oil, gas and related industries (e.g. based in the UAE, Saudi Arabia, Qatar, Russia, etc.);
- Australian entrepreneurs setting up businesses offshore (e.g. in international business hubs, such as Singapore or Hong Kong).
Andrew acts for a diverse range of private businesses, high net-wealth individuals and family groups. He specialises in business structuring, tax disputes and complex tax issues. He is passionate about leading by example, getting wins for his clients, solving difficult legal issues and … snowboarding!