Prath Balasubramaniam Director

Prath approaches a relationship and a client’s circumstances from a unique standpoint. He is valued for his strategic thinking and straight-forward approach. Always one step ahead, Prath is sought out by clients to plan their taxation affairs, manage bespoke commercial and property transactions, and solve challenging legal problems.

Prath has over 15 years’ experience as a commercial and tax lawyer. He joined KHQ Lawyers after leading the commercial and tax teams of a national law firm. The combination of his broader commercial experience and his tax technical knowledge sets him apart.

Generally speaking, Prath’s clients comprise SMEs from various industries and property groups. Prath typically advises on structuring a business, changing legal structures (or restructures), mergers and acquisitions, property development/transactions, capital raising/injections and inbound/outbound transactions. Prath is uniquely positioned to advise on Federal taxes (CGT and GST) as well as state taxes (stamp duty, land tax and payroll tax).

Prath works closely with accountants and financial advisers to service their clients. Over this time, he has developed a reputation for managing complex commercial, property and tax matters as well as managing significant disputes with the Australian Taxation Office and state revenue offices.

Prath has completed his Masters of Taxation and is recognised as a Chartered Tax Advisor of The Tax Institute of Australia.

Prath is also passionate about creating opportunities for young lawyers, contributing to a positive culture in law firms, travelling, road trips and his non-tax reading!

Latest News & Insights

Superannuation update & common traps for contractors

Last week’s Federal budget confirmed that the long awaited increase to the superannuation guarantee will take place on 1 July 2021. From that date, compulsory employer superannuation contributions will increase to 10%. The last increase to the superannuation guarantee was on 1 July 2014 when the guarantee was increased from 9.25% to 9.5%. Our tax … Read more

Employer obligations: Superannuation Contributions – Myth busting

Posted By and on 28/10/20 at 5:13 PM

By Alex Bevacqua, Biya Sun and Prath Balasubramaniam The Australian Taxation Office amnesty for unpaid superannuation ended on 7 September 2020.  Based on the work Alex Bevacqua, Biya Sun and Prath Balasubramaniam have done with corporate clients, human resource managers, payroll officers and legal counsel still have a fundamental misunderstanding in relation to their superannuation obligations … Read more