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Building Industry Fairness (Security of Payment) Bill 2017

24 Sep 2017

The Queensland government recently introduced the Building Industry Fairness (Security of Payment) Bill 2017 for its first reading. If passed, the Bill will: - Replace the Building and Construction Industry Payments Act 2004 (‘BCIPA’); - Replace the Subcontractors Charges Act 1974; and - Amend the Queensland Building and Construction Commission Act 1991 in relation to phoenix companies.

Widening the Sandini lens

20 Sep 2017

The recent Federal Court of Australia decision in Sandini Pty Ltd & Ors v Federal Commissioner of Taxation & Ors [2017] FCA 287 may have a significant impact on the application of the CGT rollover on relationship breakdown and, as a result, on the approach in family law cases to resolving such matters.

ATO’s GST changes for mutual banks – are the benefits mutual?

14 Sep 2017

As businesses continue to navigate the influx of Government reform, there’s also a lot of change coming from the ATO. Customer-Owned Banking Institutions – also known as mutual banks and credit unions – are the current focus.

Western Australia State Budget 2017-18

07 Sep 2017

With a strong focus on “putting South Australians first” and building on the foundations of the previous budget, Treasurer Tom Koutsantonis MP delivered South Australia’s 2017-18 State budget on 22 June 2017.

Prime Minister’s announcement to drive the next wave of discoveries

03 Sep 2017

On the back of a significant decline in Australian mineral exploration, the Australian government is hoping the JMETC will promote investment and drive economic activity. The adoption follows a similar scheme in Canada which has operated successfully for 30 years.

Change in fuel tax credits rate from 1 August 2017

04 Aug 2017

The ATO has announced a change in the fuel tax credits (“FTC”) rate from 1 August 2017. This FTC rate change is reflective of the bi-annual indexation of rates which are made in line with the consumer price index (“CPI”).

Change in fuel tax credits from 1 July 2017

11 Jul 2017

The ATO has announced a change in the fuel tax credits (“FTC”) rate from 1 July 2017.

2017 amendments to the PPS Lease Law

10 Jul 2017

2017 amendments to the PPS Lease Law

Tax reduction opportunities for small business

06 Jul 2017

An article in the 4 July 2017 edition of The Australian has caused a bit of a stir by suggesting a broader range of corporate entities than was previously thought would be eligible for small business tax cuts.

GST and digital currency update

04 Jul 2017

On Thursday 29 June 2017, the Australian Government released draft legislation on removing the double taxation of digital currency, aligning the GST treatment of digital currency with money.