- Executive remuneration disclosure proposals for listed companies
- Get Started on Expense Management Today
- Public Sector Reform, Getting the Balance Right
- Australian Charities and Not-for-profits Commission commenced on 3 December 2012
- Corruption in sport: Do you really know how clean your organisation is?
- Crisis Recovery cover
- Superannuation Tax update: SuperStream
- Superannuation Tax update: SuperSeeker enhancements
- Superannuation Tax Update: Other tax changes effective from 1 July 2012
- 2012-13 Federal Budget update
- Group Protection
- Administration - Clearing House services
- Super system review - Progress to date
- Tax Alert: Queensland miners further targeted in changes to state mining taxes
- Tax Alert: ATO guidance released on margin scheme valuations
- Tax Alert: Superannuation Do's and Dont's
- Queensland State Budget 2012-13
- Tax Alert: “Son of Hold-back" Arrangements
- Tax Alert: Living Away From Home (LAFH) new law and ATO publishes reasonable food allowances
- Indirect Tax Update: October 2012
- Tax Alert: Australia’s new transfer pricing rules – Stage 1
- Transfer Pricing Alert: Stage 2 Reform Exposure Draft Released
The Australian Charities and Not-for-profits Commission Act 2012 received Royal Assent on 3 December 2012 thereby initiating the commencement of the Australian Charities and Not-for-profits Commission (ACNC).
On 22 November 2012 Treasury released the Exposure Draft of the Tax Laws Amendment (Cross-Border Transfer Pricing) Bill 2013: Modernisation of transfer pricing rules (“Stage 2”) which proposes to update Australia’s domestic transfer pricing regime.
Getting the balance between agency reform and service delivery can be challenging. Effective service review and change management can be the difference between success and failure.
The Tax Laws Amendment (Cross-Border Transfer Pricing) Bill (No 1) 2012 (Stage 1) has passed through Parliament and now awaits Royal Assent. This new legislation applies to transactions with related parties in countries that have Double Taxation Agreements (DTA’s) with Australia.
In July the Administrative Appeals Tribunal (AAT) handed down its decision in AP Group Limited v Commissioner of Taxation, involving the GST treatment of certain “incentive” payments by car manufacturers to dealers. The decision followed from the 2008 decision of the Federal Court in KAP Motors Pty Ltd v Commissioner of Taxation where car dealers successfully obtained refunds of GST paid on “holdback” payments.
At a big picture level, there seem to have been two main areas of focus for taxpayers and the Federal and State Revenue authorities over the last three months
With the incidence of cancer increasing year on year and the occurrence of cardiovascular diseases preventing many families from living a full life due to disability, it is becoming increasingly important to consider crisis cover as part of a personal protection plan. Many Australian families struggle, both emotionally and financially, when someone in their family is diagnosed with a life threatening or debilitating health condition.
SuperStream is one part of a number of measures being introduced by the Government as part of its response to a review into the efficiency of Australian superannuation system. Legislation has not been passed by the Parliament at this stage.
In addition to the announcements in the 2011-12 Federal Budget which take effect from 1 July 2012, a number of other legislative changes came into effect during the 2011-12 financial year.
A number of initiatives were announced in the 2012/13 Federal Budget impacting on individuals using superannuation to save for retirement.