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Whistleblowing at the right tone

14 Feb 2020

With the recent Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry and the current Royal Commission into Aged Care Quality and Safety, whistleblowing is likely to increase. New laws encourage and protect whistleblowing but are companies ready for this?

Year in review 2019: Australian employment taxes

19 Dec 2019

2019 has been an interesting and challenging year for businesses, both large and small. As well as grappling with a weakening economy and an unsettled global trading environment, one consistent theme that stands out in Australia is an increased focus on employment tax compliance, with a raft of law changes, audit activity and landmark cases.

Queensland Land Tax Surcharge Changes

18 Dec 2019

After considerable agitation from the property industry, the Queensland Government announced last week in its 2019-20 Mid-Year Fiscal and Economic Review its intention to broadly follow the Victorian approach regarding exemptions for property developers and taxpayers who contribute to the State economy.

Foreign surcharges – time to amend discretionary trusts

18 Dec 2019

By way of an update to our alert in October on the NSW land tax amnesty, taxpayers initially had until 31 December 2019 to change their trust deeds such that they are not inadvertently deemed to be “foreign persons”.

Car Parking Fringe Benefits extended to the suburbs

12 Dec 2019

A recent draft taxation ruling, TR 2019/D5, extends the Tax Office’s interpretation of what constitutes a “commercial car parking station” as a result of a Full Federal Court decision regarding airport car parks.

Payroll assurance

06 Dec 2019

All organisations are grappling with the myriad of employee agreements and obligations that result in a wide variety of payments to their people.

Superannuation Guarantee amnesty Bill passes the House of Representatives

29 Nov 2019

The Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019 was passed by the House of Reps today without amendment. It now moves to the Senate.

Tax governance, transparency and the marriage of accounting and tax disclosures

15 Nov 2019

In a world where a company’s tax payments (or lack thereof) are under increasing scrutiny, both the Australian Taxation Office (ATO) and the Australian Accounting Standard Board are now enforcing new reporting obligations that will see companies disclose their “uncertain” tax positions in their annual tax returns and financial statements.

Travel industry: Closing the GST loophole for off-shore sellers of accommodation

07 Nov 2019

Advertised as part of its campaign to ensure multinationals pay their fair share of tax in Australia, the Federal Government has recently amended the A New Tax System (Goods and Services Tax) Act 1999 (Cth) (“GST Act”), significantly changing the GST landscape for offshore sellers of Australian accommodation.

Limiting tax deductions for vacant land - amended and passed

30 Oct 2019

Legislation seeking to deny a deduction for the costs of holding Vacant Land (Treasury Laws Amendment Bill 2019) has been amended by the Senate and subsequently approved by the House of Representatives on 22 October 2019.