How emerging leaders can make the most of their career in the tax profession

T oday's leaders
are confronted with challenges and opportunities that have never been more
complex. However, it may take some commitment to develop into a high potential
leader to handle the formidable challenges you’ll likely face.

We spoke with Antoinette Elias, CTA,
Oceania Sector Leader for Wealth & Asset Management and Tax Partner in EY’s
Financial Services Group, with over 33 years’ experience as a tax adviser, on
her views to inspire and nurture the next level of top performers who want to
grow as leaders.

Antoinette’s advice on how emerging tax leaders can make the most of their career in
tax is to embrace every opportunity that is in their path, and, in particular,
to find their passion for tax. “If you're not passionate about tax, it is
actually very hard to succeed, so you need to find that passion. Take the
opportunities that come your way, say yes to every experience you can possibly
get. As you mature throughout your career, start to work out what area you want
to specialise in.”

Antoinette has extensive experience in advising
on the tax issues facing custodians, managed investment trusts, fund managers,
superannuation funds and hedge funds and
the role of education and professional development as being critical to the
success of a tax professional. “Tax is ever-changing, and even if the law is
not changing, the interpretation of the law is changing. It's very important
for professionals to stay up-to-date with the most current thinking, whether it
be from regulators, the courts, or actually legislative changes. Without that
professional development, it's very difficult for a professional to stay on top
of all the issues.”

Antoinette is involved in the consultation
process regarding the unprecedented level of policy changes and proposed tax
rules facing the financial services industry, such as the development of the
IMR Rules, the AMIT Rules and the proposed ARFP and CCIV rules. “
I made the most of my career in tax by finding my passion
for tax law. For example, when the superannuation laws first came in in 1988 to
tax superfunds, most of my colleagues did not want to learn all that new
legislation. That actually ended up underpinning the entire success of my
career. I now specialise in wealth and asset management sector, I advise superfunds
and all the entities that are associated with the investment of super.”

networking, Antoinette advocates maintaining your networks from when you start
your career and within the organisations that you work. “It's very important to
maintain your networks. As I joined the profession, I used the networks of the
firm that I worked for. I started with Arthur Andersen; it's been merged with
EY. So, through the very big accounting firms that I've worked for, there's
been significant access to networking.”

The Tax
Institute is dedicated to
inspiring and nurturing the next level of top performers in the tax profession. Visit our site to find out more about our education program and
professional development options.


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