Andrew Clements

Andrew Clements

Andrew Clements is a Legal Consultant who specialises in income tax with an emphasis on capital gains tax, imputation and international tax work.

His practice concentrates on corporate tax and capital gains tax for public companies, together with the income tax consequences of dealing in intellectual property rights and the taxation treatment of the funds management industry.

Andrew advised the Australian government on a contract for the establishment of the Jindalee Over the Horizon Radar System. He also has extensive experience in relation to both the tax and legal issues associated with employee share schemes.

Representative matters

  • Telstra Corporation Ltd - First and Second Tranche of the privatisation
  • Establishment of various employee share plans for numerous major public companies, including Telstra, National Australia Bank, NRMA
  • Australian Government - contract for the establishment of the Jindalee Over the Horizon Radar System
  • Funds management industry - development of numerous products.

Professional memberships

  • Taxation Institute of Australia
  • Law Council of Australia
  • Member of the University of Melbourne Law School Tax Advisory Board.

Qualifications

  • 1981: Bachelor of Commerce and Laws, University of Melbourne
  • 1982 - 1984: Solicitor, commercial law including banking and finance, takeovers and tax work
  • 1984 - 1989: Solicitor / Senior Associate, Mallesons Stephen Jaques, Melbourne
  • 1986: Master of Law, University of Melbourne
  • 1989 - 2018: Partner, King & Wood Mallesons, Melbourne
  • 2018 - present: Legal Consultant, King & Wood Mallesons, Melbourne

Location

Legal insights

The Government has acknowledged the current regulatory framework for employee share schemes (ESSs) is complex and fragmented, and ultimately discourages some businesses from offering ESSs.

08 April 2019

Treasury has released drafts of the regulatory and tax legislation for the CCIV regime.

21 January 2019

The Federal Government released an exposure draft of technical amendments to the Attribution Managed Investment Trusts (AMIT) scheme.

20 June 2018

This new draft adds provisions on related party transactions, members’ rights and meetings.

15 June 2018

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