Grandfather and Help:Contact us: Difference between pages

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imported>Doug Williamson
(Add lease accounting example.)
 
m (Protected "Content editing" (‎[edit=sysop] (indefinite) ‎[move=sysop] (indefinite)))
 
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==Who edits The Treasurer's Wiki?==


To exempt pre-existing arrangements from subsequent more restrictive laws or regulation.
Currently this wiki is limited to administrators and treasury professionals within the ACT executive. Primary site administrators are:


* Doug Williamson
* Charles Cresswell, Head of Information Systems, ACT


Grandfathering may be applied for the full natural life of pre-existing arrangements, or for a more limited period which is considered long enough to allow new and compliant arrangements to be put in place.
==Contacting the ACT==


If you have any questions or complaints about this wiki please read the [[content policies]] first.


'''Example'''
If your question is not answered, or you wish to submit an article for publication on The Treasurer's Wiki then you can contact the ACT at [mailto:website@treasurers.org website@treasurers.org].


''The Internal Revenue Service is extending the grandfathering protection for non-US arrangements caught under the Foreign Account Tax Compliance Act (FATCA).


''The protection is extended from 1 January 2013 to six months after the regulations are finalised, estimated to be July 2013 at the earliest.''
==External links==


'' FATCA imposes US withholding taxes and significant compliance obligations on financial institutions such as banks and insurance companies.''
*[http://www.treasurers.org/termsandconditions/usercontent ACT user generated content and defamation]
 
*[http://www.treasurers.org/legal ACT legal notices and terms and conditions]
''(The Treasurer December 2012/January 2013).''
 
 
2. ''Financial reporting''
 
To continue a previous financial accounting treatment - where permitted - for pre-existing contracts or transactions, during a transition period.
 
For example, IFRS 16 (Leases) allows existing leases to continue be accounted for under the previous accounting regime, applying the new definitions only to new contracts.
 
 
== See also==
* [[FATCA]]
* [[IFRS 16]]
 
 
===Other links===
[http://www.treasurers.org/node/9713 Feeling the force of FATCA, The Treasurer, December 2013/January 2014]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:Compliance_and_audit]]

Revision as of 11:33, 17 June 2013

Who edits The Treasurer's Wiki?

Currently this wiki is limited to administrators and treasury professionals within the ACT executive. Primary site administrators are:

  • Doug Williamson
  • Charles Cresswell, Head of Information Systems, ACT

Contacting the ACT

If you have any questions or complaints about this wiki please read the content policies first.

If your question is not answered, or you wish to submit an article for publication on The Treasurer's Wiki then you can contact the ACT at website@treasurers.org.


External links