2015 appea taxation and commercial conference€¦ · a comparative analysis rod henderson &...

R E G I S T R AT I O N A N D P R E L I M I N A R Y P R O G R A M

T H E A U S T R A L I A N P E T R O L E U M P R O D U C T I O N A N D E X P LO R AT I O N A S S O C I AT I O N P R O U D LY P R E S E N T S

EVENT SPONSORS

2015 APPEA Taxationand Commercial Conference

29 – 30 OCTOBER 2015 A MEMBERS-ONLY EVENT | INTERCONTINENTAL SANCTUARY COVE RESORT, QUEENSLAND |

D A Y 1 T H U R S DAY 2 9 O C TO B E R7.30 am C O N F E R E N C E R E G I S T R AT I O N

8.30 am PLENARY SESSION 1 – A NATIONAL AND GLOBAL CONTEXTSession Chair: Peter Cleary, Santos Ltd & APPEA Fiscal Committee Chair

National Tax Reform – Focus, Objectives and Status Update

10.15 am M O R N I N G T E A

10.45 am PLENARY SESSION 2 – TAXATION AND THE RESOURCES SECTORSession Chair: Stuart Brown, ExxonMobil Australia

Opposition Address(speaker invited)

Understanding and Communicating the Oil and Gas Industry's Tax Contribution in a Paradigm of Tax TransparencyPaul Abbey, Partner, PwC

12.30 pm LU N C H

1

Program6.00 pm - 8.00 pm Wel c om e Fu nc tio n

W E D N E S DAY 2 8 O C TO B E R

Proudly Sponsored by PwC

Rob Heferen, Deputy Secretary - Revenue Group, Treasury

Are Australia's Fiscal Terms for Gas Projects Competitive?: A Comparative AnalysisRod Henderson & Kurt Burrows, KPMG

D A Y

Images from 2013 Taxation Conference

Proudly sponsored by KPMG


Global Economic Growth – The Outlook for the Australian Resources SectorMark Cully, Chief Economist, Department of Industry and Science

Tax Administration in an increasingly globalised economy and current and emerging priorities for the resources sectorJeremy Hirschhorn, Deputy Commissioner, Public Groups and International, Australian Taxation Office

CONFERENCE REGISTRATION OPENS Delegates are encouraged to register before making their way to the Welcome Function

5.00pm - 8.00pm

2015 APPEA Taxation and Commercial Conference29 – 30 OCTOBER 2015 | INTERCONTINENTAL SANCTUARY COVE RESORT

Program subject to change

The role of the Board of Taxation in tax administration and policy - activities and prioritiesCraig Yaxley, Board of Taxation

1

Program

3.45 pm CONCURRENT SESSIONS 1

CONCURRENT SESSION 1AManaging Transactions and Infrastructure Divestment in an Increasingly Complex Commercial EnvironmentSession Chair: Helen Kraus, Quadrant Energy

David Lewis & Chris McLean, PwC

Issues to be covered in this session will include:Ÿ Commercial ConsiderationsŸ Regulatory IssuesŸ Taxation ConsiderationsŸ Accounting Considerations

CONCURRENT SESSION 1BRoyalties and Topical Taxation IssuesSession Chair: Dan Clancy, Origin Energy

Ad valorem royalties or pro�ts based rent taxes – issues for governments and industryNoel Mullen, APPEA

Recent developments in petroleum royaltiesJames O'Reilly, PwC

R&D Incentive – Where Does it Stand?Melanie Reen, Michael Johnson Associates

GST and joint ventures – a case for red tape reductionGeoff Webb, Chevron Australia

6.30 pm for 7.00 pm C O N F E R E N C E D I N N E R Proudly Sponsored by EY

D A Y



D A Y 1 T H U R S DAY 2 9 O C TO B E R1.30 pm PLENARY SESSION 3 – VALUATION ISSUES: COMMERCIAL CONSIDERATIONS

Session Chair: Justine Neep, Senex Energy

Taxation, Accounting and Economic Modelling Issues Associated with Oil and Gas Valuations

3.15 pm A F T E R N O O N T E A

Issues to be covered in this session will include:Ÿ Application of Accounting Standards to Impairment and ValuationsŸ Valuation of Oil and Gas ProjectsŸ Taxation IssuesŸ Thin Cap considerations in Impairing and Revaluing Assets


Trevor Hammond, Michael Fenech & Chad Dixon, EY

5.15 pm S E S S I O N S C O N C LU D E


Program

2

D A Y 2 F R I DAY 3 0 O C TO B E R

D A Y

9.00 am PLENARY SESSION 4: THE AUSTRALIAN OIL AND GAS INDUSTRY – MARKET AND POLICY ISSUESSession Chair: Malcolm Roberts, APPEA

Assessing the Impact of a Low Oil Price Framework on the Global Oil and Gas Industry: What it Means for AustraliaJoshua Kugel, Wood Mackenzie

What is Australia's Prospectively for Gas: A Geological PerspectiveJames Johnson, Geoscience Australia

10.30 am M O R N I N G T E A

Assessing the Outlook and Understanding the Factors Impacting on M & A's in the Australian Oil and Gas IndustryRobin Polson, Deloitte Touche Tohmatsu

11.00 am CONCURRENT SESSIONS 2

CONCURRENT SESSION 2APetroleum Resource Rent Tax – Technical and Operational IssuesSession Chair: Sean Jermy, Total Australia

Deductible and non-deductible expenditurePatricia Sampathy & Lorne Hunt, Australian Taxation Office

Transfer Pricing Issues and the Residual Pricing Methodology, Permit Conversion and Expenditure ApportionmentJacques van Rhyn & Kenneth Wee, Deloitte

Non-Operator Compliance and Issues for Small CompaniesRyan Jones, PwC

Structuring Agreements in a PRRT ContextAda Lamb & Mark McKenzie, EY

CONCURRENT SESSION 2BCompany TaxSession Chair: John Condon, BP Australia

Constructing Asset Registers for Oil and Gas ProjectsJonathan Schneider, Deloitte

Base Erosion and Pro�t Shifting Reforms: What They Mean for Taxpayers in AustraliaCarlo Franchina, KPMG

Arms-Length Debt Test/Thin Capitalisation Provisions: Practical Income Tax Considerations for TaxpayersBen Opie, KPMG

Navigating the Tax Treatment of Farm-Ins and Farm-OutsJanelle O'Hare, Deloitte

3.15 pm CONFERENCE CONCLUDES

Images from 2013 Conference



12.30 pm LU N C H Proudly sponsored by KPMG

1.15 pm PLENARY SESSION 5: THE TAX TREATMENT OF PETROLEUM EXPLORATIONSession Chair: Michael Fenner, Chevron Australia

Speakers & Panellists Include:

Glenn Davies, Australian Taxation OfficeMichael Lawry, SantosGrant Cathro, AllensPatricia Sampathy, Australian Taxation Office

Topics to be conferred will include:Ÿ Exploration: What Does it Now Mean in a PRRT

Context?Ÿ ATO Review re of Taxation Ruling 98/23 and related

issuesŸ ATO audit activity – implications of a new ruling for

past, present and future reviewsŸ Understanding the New 'First-Use' Exploration RulesŸ Experience from Recent Tax Disputes –

Substantiation and Record Retention




A B O U T T H E E V E N TThis biennial event brings together taxation, legal, accounting and commercial professionals from within the oil and gas industry to discuss issues affecting the �nancial performance of companies in the sector. The 2015 event will be the 13th APPEA Taxation and Commercial Conference.

Industry experts, representatives from advisory and legal �rms and government officials will also participate in the event. In keeping with APPEA's role as the voice of the industry, priority is given to member companies in terms of registering for the conference. You are urged to secure your spot at this 'must attend' event.

C O N F E R E N C E P R O G R A MThe program will again focus on meeting the needs of APPEA member companies in a rapidly evolving �scal and commercial environment. Highlights include:Ÿ Government tax reform and transparency initiativesŸ Key tax administration and compliances issues for oil and gas companiesŸ Oil and gas project valuations – the impact of taxŸ Managing oil and gas transactionsŸ Update on a range of resource taxation issues, including PRRT and petroleum royaltiesŸ Overview of the state of the industry, including energy market developmentsŸ Tax treatment of exploration

Information


T R A N S P O R T T O A N D F R O M V E N U EDelegates are required to make their own travel arrangements to and from the venue. Delegates can �y into either the Gold Coast Airport (52.4km from venue) or Brisbane Airport (74.2km from venue).

Point to Point transfers are recommended by the Intercontinental Sanctuary Cove Resort. To book please contact them via email on [email protected] or by phone on 07 5554 5552.

Private car hire is available at both Brisbane and Gold Coast airports. Companies include Avis (www.avis.com.au) Budget (www.budget.com.au) Europcar (http://car-rental.europcar.com.au/car-hire-brisbane-airport) Hertz (www.hertz.com.au) Redspot (www.redspot.com.au) and Thrifty (www.thrifty.com.au).

Taxi Ranks are also available - Black and White Cabs (www.blackandwhitecabs.com.au) and Yellow Cab (www.yellowcab.com.au) from the Brisbane Airport, and Gold Coast Cabs from the Gold Coast Airport (www.gccabs.com.au).

Images from 2013 Conference


A C C O M M O D AT I O N B O O K I N G SAccommodation bookings should be made at the time of registration. Bookings must be made on the applicable section of the registration form attached or online. APPEA has secured a number of accommodation rooms at the InterContinental Sanctuary Cove Resort. This venue features numerous dining and entertainment options.

Guest Room (single) - $229 Guest Room (double) - $249

Rates include one full breakfast (single rate) and two full buffet breakfast (double rate) in the Cove Café. Accommodation bookings must be accompanied by one night's tariff as a deposit on the booking. This amount will be deducted from the credit card provided, directly by the hotel. Delegates will be responsible for payment of the remainder of their accommodation and all costs incurred during their stay at the hotel.

Please take care when assessing and booking accommodation arrangements. It is your responsibility to review the accommodation provider, the facilities and the conditions in which the booking is offered. APPEA does not accept any liability for any loss or damage that you might suffer due to unsatisfactory accommodation arrangements made by you.

D R E S S C O D EThe dress code for the duration of the conference including all social functions is smart casual.

Information

H O W TO R E G I S T E R

Online at www.appeataxconference.com.au using Visa, Mastercard or Amex

Fax the registration form below to: +61 2 9553 4830∗

Post the registration form to: Sane Event Group∗ PO Box 149, Hurstville BC NSW 1481

∗ An additional $35 charge applies for manual registration

D E L E G AT E D E TA I L S

Title

First name

Surname

Organisation

Position

Address

Telephone

Mobile

Facsimile

Email

Preferred name on badge

S P E C I A L R E Q U I R E M E N T S (d iet/access etc. )

R E G I S T R AT I O N F E E S i nc ludi ng G S T 1

APPEA Member or Government Representative 1 $1300

Conference Speaker: 1 day 2 $0

Conference Speaker: 2 days 2 $650

1 Registration fees include conference materials, lunches, morning and afternoon teas and farewell drinks. Please note: tickets for Thursday’s dinner are available at an additional cost of $90 per person.2 Speakers only attending one day are entitled to free registration, however, dinner is at the speaker’s cos t. In either case, a registration form is still required. Please contact Hannah Graham at the APPEA Secretariat direct (+61 2 6267 0908).

D I N N E R T I C K E T S

I will require tickets for the

(Thursday, 29 October)

conference dinner at $90 per person

$

Note: Dinner tickets are not included in the registration fee

AC C O M M O D AT I O NAccommodation rates below at the Intercontinental Sanctuary Cove Resort are per room per night

Guest Room (single) $229

Guest Room (double) $249

Arrive Depart

Special requirements

The deposit for accommodation will be processed directly by the hotel.

PAY M E N T & AC C O M M O D AT I O N G U A R A N T E ETotal payment due (including registration , dinner tickets and $35 manual registration charge) $

I wish to pay by:

Credit card Amex Mastercard Visa

Credit card no.

Name on card

Expiry date / /

Signature

I have enclosed a cheque, payable to: Sane Event Group

Please send me a tax invoice

P R I VA C YAPPEA Privacy Policy: By registering for this conference, relevant details will be held on a database by APPEA. A delegate list will be provided to all conference participants (name, position and organisation only). Information may also be made available to parties directly related to the conference including sponsors. APPEA will use this information to advise you of future APPEA events and services. You may also access this information, or have it corrected or updated. If you do not wish your information to be used in this manner, please tick For further details of our privacy policy please visit here www.appea.com.au/privacy-policy/

S a v e t i m e — r e g i s t e r o n l i n e w w w. a p p e a t a x c o n f e r e n c e . c o m . a u

R E G I S T R AT I O N F O R M

Accommodation Cancellation Policy. No cancellation fee will be charged if you advise an amendment or cancellation in writing to the conference administrator, Sane Event Group at [email protected] by COB 23 September 2015. No refunds will be provided for cancellations or reduced room nights after this time. The credit card provided at the time of booking will automatically be charged by the nominated hotel for any cancellation fees incurred.

Note. Payment must be received prior to the event for registration to be accepted. A tax invoice and con�rmation letter will be issued once registration is received. Delegates are not permitted to share registrations.

Please be advised a 3% merchant fee charge is applicable to all credit card payments

2015 APPEA Taxation and Commercial Conference

Standard2-30 October 2015

Dinner Tickets $90

$1200

$0

$600

Early BirdUntil 1 October 2015

$90

Conference Cancellation Policy. A cancellation fee of $220 will apply to cancellations received in writing to [email protected] prior to Wednesday 7 October 2015. No refunds of registration fees will be given for cancellations after this date. Replacement delegates can be nominated without incurring a fee by emailing [email protected] prior to COB Wednesday 21 October 2015. Should a name change be required after Wednesday 21 October 2015 then an administration fee of $55 will be charged. Please note, APPEA reserves the right to refuse the participation of any delegate from a member company that is not �nancial. Early Bird rates must be paid by Friday 9 October 2015, any unpaid registration's made after this date will be charged the standard fee as advertised on the website. An additional $35 charge applies for manual registration.

Rate also includes one full breakfast in the Cove Cafe

Credit card details are required in order to guarantee accommodation reservations

Rate also includes two full buffet breakfasts in the Cove Cafe

2015 APPEA Taxationand Commercial Conference

29 – 30 OCTOBER 2015 A MEMBERS-ONLY EVENT | INTERCONTINENTAL SANCTUARY COVE RESORT, QUEENSLAND |

2015 appea taxation and commercial conference€¦ · a comparative analysis rod henderson &...

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