SHJ 1.43% 69.0¢ shine justice ltd

Hope everyone had a good Easter weekend. Just on the tax thing:...

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    Hope everyone had a good Easter weekend.

    Just on the tax thing: to my knowledge the reason tax is deferred because you record the tax liability in the reporting period the revenue was recorded, but nothing is actually paid to the ATO until the period when the client is billed - if the client is billed.

    Here's some text from the prospectus (page 32) backing up this supposition:
    So yes tax is deferred but only to the degree that revenue is also deferred, and if a percentage of WIP is unrecoverable then we must also assume that the exact same percentage of deferred tax will also not be payable.
 
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