- 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.
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.
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.
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
Stronger Super legislation in various forms is currently being considered by both Houses of Parliament, the superannuation industry, and government bodies trusted to implement the reforms. The Stronger Super reforms are designed to improve Australia’s superannuation system by removing unnecessary cost and provide better safeguards.
A Clearing House is a solution which enables employers to make superannuation payments and pass data securely to multiple super funds through one simple transaction.
We all wish to support our employees in times of need. However, businesses also need to be able to make commercial decisions regarding employees who are unable to work over the long and short term. They cannot afford to fund the support for an indefinite number of employees for an indefinite period of time.
A number of initiatives were announced in the 2012/13 Federal Budget impacting on individuals using superannuation to save for retirement.