Tim Olynyk

  • Member of the Taxation Institute of Australia
  • Registered Tax Agent
  • Bachelor of Laws / Bachelor of Commerce (Accounting)

“Prior to undertaking any transaction, tax implications need to be considered. Often, there are alternative ways a transaction can be structured which give very different outcomes…that’s where my role comes in.”

Tim Olynyk is a tax consulting Partner at Banks Group and has 25 years of experience in providing specialist tax consultancy services.  Tim is a qualified lawyer and commenced his career working in the legal profession.

Prior to commencing at Banks Group in 2010, Tim worked at both top-tier and mid-tier accounting firms in their tax divisions.

Throughout Tim’s career, Tim has specialised in providing tax advice to private family group structures.  Tim has previously advised some of Australia’s wealthiest family groups through to mum-and-dad family businesses.

Tim’s areas of speciality include:

  • CGT, CGT rollovers and application of Small Business CGT concessions to contemplated transaction;
  • Division 7A;
  • Loss recoupment rules;
  • Small Business Entity tax concessions;
  • ATO audit management;
  • Sale & purchase transactions and due diligence;
  • Transactional taxes

Within his practice at Banks Group, Tim provides tax advisory services to several external accountancy and legal practices wanting specialist tax consultancy services.  Tim also regularly provides tax presentations both internally within Banks Group and externally to various tax discussion groups within Melbourne.

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    Banks Group is an association of independent firms that operate in Melbourne, Sydney and Auckland under the same trading name. Neither the Melbourne Banks Group, Sydney Banks Group or Auckland Banks Group are partners or agents of each other and shall not be liable for any act or omission of each other. Liability limited by a scheme approved under Professional Standards Legislation


    All services are provided as a Corporate Authorised Representative of Magnitude Group Pty Ltd (ABN 54 086 266202, AFSL 221557).


    Financial Planning Services provided as an authorised representative of Count Financial Limited ABN 19 001 974 625 Australian Financial Services Licence Holder Number 227232 a wholly-owned, non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124. Count is a Professional Partner of the Financial Planning Association of Australia Limited. Count advisers are authorised representatives of Count. www.count.com.au

    "Please note that any taxation and accounting services are not endorsed nor the responsibility of Count Financial Limited".