By Hayden Delaney,Partner; Michele Davis,Associate and
Rachael Nyst,Solicitor
Case Update and Commentary
On 22 December 2014, Justice Bennett of the Federal Court of
Australia delivered her judgment in Seven Network Limited v
Commissioner of Taxation [2014] FCA 1411.
The proceeding was commenced by Seven Network Ltd
(Seven) after the Commissioner of Taxation
(Commissioner) disallowed Seven's objection to
three penalty notices issued by the Commissioner after its notice
of private ruling had been given. Seven was seeking declarations
that it did not have to withhold tax in relation to certain
payments it made to the International Olympic Committee
(IOC) in relation to the use of a signal (being
the ITVR Signal), which was used by Seven in its
live television broadcasts in Australia of the Olympic Games.
