Ali Bolbol

Executive summary

Ali is a Tax Partner in the financial services group with BDO in Sydney, and leads the insurance subsector in Australia. He has over 20 years’ experience providing tax consulting and advisory to a range of financial services and insurance clients.

Ali has actively advocated on behalf of his clients and the insurance industry, lobbying for favourable law changes relating to specific transactions, or where law reform is necessary.

He joined BDO in 2019 from a global accounting firm.

Expertise

• Mergers, acquisitions, and divestment
• Corporate and internal reorganisations
• Life insurance, general insurance (reinsurance), and health insurance (Division 320 and 321)
• Insurance product taxation and design
• Mortgage book securitisation and warehousing
• Captives and self-insurance
• Tax consolidations
• Taxation of financial arrangements and financing
• Funds management
• Governance and tax risk management

Experience

• Advised a large insurance group on its divestment of a significant business
• Advised a major insurance provider on the tax implications of a business restructure and integration in Australia
• Advised on the Australian integration of a merger between two global insurance companies
• Represented and advised major insurance clients on proposed changes to the taxation of general and health insurance entities
• Advised on a global investment group’s acquisition of a general insurance operation
• Advised on the demutualisation of a major health insurer.

Qualifications and affiliations

• Bachelor of Commerce (Accounting)
• Bachelor of Laws
• Master of Laws
• Chartered Tax Adviser
• Solicitor of the Supreme Court of New South Wales

Professional engagements and activities

• Regular presenter on tax issues affecting financial services businesses, including the impact of IFRS 17 and tax implications for insurers
• Board member, FSAA
• Councillor, NSW State Council, The Tax Institute
• Contributing author to the Australian chapter of the online IBFD Tax Research Platform, specifically focusing on mergers and acquisitions.