Overview
Background
Dr Thea Voogt is an Associate Professor in the School of Law and the Director of Business Law.
She specialises in income tax law, agriculture tax policy tools, the impact of climate change on the financial fortitude of farming families, corporate governance and business structures.
Thea leverages her significant business experience in senior executive roles and her background as a chartered accountant in industry projects. She holds a Doctorate in Financial Management and Master of International Commercial Law (UQ).
Thea is a Senior Fellow of the Higher Education Academy and an award-winning law teacher. She is the 2017 recipient of the prestigious UQ Business, Economics & Law Faculty Teaching Award. She also received the 2017 Inspired me to learn Award for Teaching Excellence in an undergraduate compulsory course, and the 2016 Award for Teaching Excellence in an undergraduate compulsory course from the UQ School of Law.
Prior to joining UQ, Thea was the CEO (Principal Officer) of the superannuation funds of the University of Johannesburg, a Professor in Accounting and managed large tenders for this institution. Over the course of her career in South Africa, she was closely involved with the South African Institute of Chartered Accountants as sought-after speaker, researcher and umpire for the national qualifying exams for chartered accountants. Thea also held a Ministerial appointment to the Board of the South African Qualifications Authority (SAQA).
Availability
- Associate Professor Thea Voogt is:
- Available for supervision
Fields of research
Qualifications
- Bachelor (Honours) of Commerce, Institution to be confirmed
- Masters (Coursework) of Commerce, Institution to be confirmed
- Doctor of Philosophy, Institution to be confirmed
- Masters (Coursework), The University of Queensland
Research interests
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Farm self-reliance and resilience
The measurement of farm self-reliance and resilience is extraordinarily difficult in Australia because farm operations often involve more than one legal entity, multiple taxpayers and inter-entity transactions. Using data from a unique pilot study of sheep and beef-cattle farms in Central Western Queensland, Dr Voogt studies the role that government support plays in farm self-reliance and resilience.
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Drought policy and climate change
There are a large number of drought and climate change policy tools that are intended to help primary producers achieve self-reliance. Using data from sheep and beef-cattle farms in Central Western Queensland, Dr Voogt's research focuses on the efficacy of particularly tax-focused policy tools and quantifies the extent to which these are effective at a farm level.
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The impact of income tax law on small business structures
The legal form, or combination of legal forms adopted to conduct a family business enables family members to benefit from operations using their ownership interests, employment rights or through discretionary entitlements. The same interests, rights or entitlements should also explain their access to business-generated cash to fund their personal expenses and the way the family unit is taxed. However, relying on the underlying social construct of a family business and their position as risk takers, family member participants may argue they are entitled to take cash generated by the family business to fund their personal expenses on an ongoing basis with little or no formality. Objectively, family member participants’ right to take business-generated cash for personal purposes is constrained by the nature of their ownership rights (if they have any), by the legal form adopted to conduct the business, and by complexities that arise from ever-changing income tax law. Dr Voogt's research looks at the unique way in which discretionary trusts are used for trading purposes in Australia from an income tax perspective, and the differences between the taxation of legal forms and structures in Australia that play an important role in the choice of legal form.
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Small firm and family firm business structures
Small businesses are an established and enduring feature of the Australian economy. It is estimated that 70 per cent of all Australian businesses are family owned, and that nearly three-quarters are small enterprises with a turnover of $12 million or less per annum. The legal form, or combination of legal forms used to conduct these businesses impact taxes payable, access to government support and access to cash. Focusing on small businesses, family farming and regional business innovation, Dr Voogt uses data from a pilot study with industry partners RAPAD https://www.rapad.com.au/research/ and RFCSNQ https://www.rfcsnq.com.au/resources/programs/ to study how Australia's taxation laws impact small business structures.
Research impacts
Surviving the dry spell: UQ Research Impact feature https://bit.ly/2WpWLou
Dr Thea Voogt leads a pilot study to discover the best ways to structure family businesses in Queensland’s drought-affected regions to ensure they not only survive but thrive. The study is a first of its kind to focus on how the law and accounting intersects in small business structures.
Partnering with the Remote Area Planning and Development Board and Rural Financial Counselling Service North Queensland, the team works with farmers, business owners and community leaders across the local government areas of Barcaldine, Barcoo, Blackall-Tambo, Boulia, Diamantina, Longreach and Winton. A unique feature of the project is the high levels of trust between participants and the researchers that involve private and confidential access to income tax returns and business financial statements.
The pilot study is part of a larger collaborative project Small Australian firm business structures. The research team comprises Prof Ross Grantham (UQ School of Law), Prof Martie-Louise Verreynne (UQ Business School) and Dr Thea Voogt.
Works
Search Professor Thea Voogt’s works on UQ eSpace
2020
Other Outputs
RFCSNQ Quarter 2 of 2019-20: Review of the 2019-20 operational year
Voogt, Thea (2020). RFCSNQ Quarter 2 of 2019-20: Review of the 2019-20 operational year. Review of the 2019-20 operational year Brisbane, QLD, Australia: TC Beirne School of Law.
2020
Conference Publication
Family trust elections: is it time to wind back ongoing income tax concessions?
Voogt, Thea (2020). Family trust elections: is it time to wind back ongoing income tax concessions?. 2020 Australasian Tax Teachers Association Conference, Hobart, TAS Australia, 22-24 January 2020. Sydney, NSW Australia: Australasian Tax Teachers Association.
2019
Other Outputs
Place-value economic development in remote Queensland
Voogt, Thea (2019). Place-value economic development in remote Queensland. Rural Economies Centre of Excellence Publications St Lucia, QLD, Australia: Rural Economies Centre of Excellence.
2019
Other Outputs
RFCSNQ Quarter 1 of 2019-20: Review of the 2019-20 operational year
Voogt, Thea (2019). RFCSNQ Quarter 1 of 2019-20: Review of the 2019-20 operational year. Review of the 2019-20 operational year Brisbane, QLD, Australia: TC Beirne School of Law.
2019
Other Outputs
RFCSNQ: Operationalising the national objectives of rural financial counselling
Voogt, Thea (2019). RFCSNQ: Operationalising the national objectives of rural financial counselling. Brisbane, QLD, Australia: TC Beirne School of Law.
2019
Other Outputs
Research project to aid business
Editor and Voogt, Thea (Contributor) (2019, 05 24). Research project to aid business Barcoo Independent 4-4.
2019
Conference Publication
Income tax and trust law perspectives of the practical disregard of legal form in discretionary family trading trusts
Voogt, Thea (2019). Income tax and trust law perspectives of the practical disregard of legal form in discretionary family trading trusts. Australasian Tax Teachers Association conference, Perth, Australia, 16-18 January 2019. Sydney, NSW, Australia: UNSW Business School UNSW.
2019
Conference Publication
Dissecting the Australian Labor Party’s tax policy on family trusts
Voogt, Thea (2019). Dissecting the Australian Labor Party’s tax policy on family trusts. 10th Queensland Tax Researcher Symposium, University of Queensland, 3 July 2019. Brisbane, QLD Australia: UQ School of Law.
2019
Conference Publication
Discretionary trust accounting: truth or deception?
Voogt, Thea (2019). Discretionary trust accounting: truth or deception?. AFAANZ 2019, Sofitel, Brisbane, 7-9 July 2019. Brisbane, QLD Australia: Accounting and Finance Association of Australia and New Zealand.
2017
Journal Article
Articulating care, skill and diligence standards for non-executive directors
Voogt, Thea (2017). Articulating care, skill and diligence standards for non-executive directors. Company and Securities Law Journal, 35 (2), 128-148.
2016
Other Outputs
Articulating care, skill and diligence for non-executive directors
Voogt, Thea (2016). Articulating care, skill and diligence for non-executive directors. Master's Thesis, T.C. Beirne School of Law, The University of Queensland.
2015
Other Outputs
Directors' statutory duty of care and diligence in the context of information technology
Voogt, Thea (2015). Directors' statutory duty of care and diligence in the context of information technology. Master's Thesis, T.C. Beirne School of Law, The University of Queensland.
2011
Journal Article
The effects of the global financial crisis on Top 40 CFOs
Voogt, Thea (2011). The effects of the global financial crisis on Top 40 CFOs. Journal of Economic and Financial Sciences, 4 (2), 367-390.
2010
Journal Article
An exploratory study of the focus areas of South African Top 40 company CFOs
Voogt, Thea (2010). An exploratory study of the focus areas of South African Top 40 company CFOs. Meditari, 18 (1), 76-92. doi: 10.1108/10222529201000006
2010
Journal Article
Audit committee responsibilities vis‐á‐vis internal audit: how well do Top 40 FTSE/JSElisted companies shape up?
Voogt, Thea and Marx, Ben (2010). Audit committee responsibilities vis‐á‐vis internal audit: how well do Top 40 FTSE/JSElisted companies shape up?. Meditari, 18 (1), 17-32. doi: 10.1108/10222529201000002
2010
Other Outputs
The CFO of the future: the effects of the Global Financial Crisis
Voogt, Thea (2010). The CFO of the future: the effects of the Global Financial Crisis. Johannesburg, South Africa: South African Institute of Chartered Accountants.
2008
Other Outputs
The South African CFO of the future
Voogt, Thea (2008). The South African CFO of the future. Thought Leadership series Johannesburg, South Africa: South African Institute of Chartered Accountants.
2007
Journal Article
The engagement decision in medium audit practice in South Africa
Steyn, Dirk A., Voogt, Thea L. and Marx, Ben (2007). The engagement decision in medium audit practice in South Africa. Journal of Economic and Financial Sciences, 1 (2), 171-184.
2004
Journal Article
Behavioural finance – a valuable supplement to classical financial theory
Rob Jurd and Thea Voogt (2004). Behavioural finance – a valuable supplement to classical financial theory. Research Journal of the Department of Accountancy, University of Johannesburg, 9 (10), 31.
2004
Journal Article
Dividend Policy and the Value of a Company
Koorts, Johan and Voogt, Thea (2004). Dividend Policy and the Value of a Company. Research Journal of the Department of Accountancy, University of Johannesburg, 9 (10), 16-16.
Funding
Past funding
Supervision
Availability
- Associate Professor Thea Voogt is:
- Available for supervision
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Media
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