Federal Court win for Healius (ASX:HLS)

Company News

by Katrina Bullock

The Federal Court of Australia today decided in favour of Healius (ASX:HLS) in relation to a court case relating to the tax treatment of healthcare practitioners lump sum payments.

Healius was advised in 2015 that lump sum payments made by Healius to healthcare practitioners for the 2010 to 2014 financial years were tax deductible.

Healius subsequently filed an application for similar tax deductions for the financial years 2003 to 2007.

The Commissioner of Taxation did not allow Healius to lodge an out-of-time objection regarding the earlier taxation years.

The court win means that Healius can pursue a refund of tax payments and associated interest estimated at around $60 million.

Shares in Healius (ASX:HLS) are trading 1.9 per cent lower at $3.09.

Katrina Bullock

Finance News Network
Katrina joined FNN in 2018. She holds a Bachelor of Laws (Honours first class), a Bachelor of Business (Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She previously worked as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel for Greenpeace Australia Pacific.