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Understanding the GST implications of contracts of sale

01 Jul 2016

A New South Wales Supreme Court case recently handed down, SAMM Property Holdings Pty Ltd v Shaye Properties Pty Ltd [2016] NSWSC 362, highlights the importance of understanding the impact GST can have on land and property transactions.

Income recognition changes – Not for Profits

30 Jun 2016

With the issue of Exposure Draft 260, Income of Not for Profit Entities (ED 260), the Australian Accounting Standards Board (AASB) aims to improve the match between revenues and expenditures.

ED 270 Reporting Service Performance Information – Not for Profits

30 Jun 2016

ED 270 aims to improve performance reporting and promote greater accountability and transparency among Not for Profit entities (NFPs).

Comparative changes – Associations Incorporation Act 2015 (WA)

28 Jun 2016

With the new Associations Incorporation Act, the West Australian government aims to promote greater efficiency and accountability, align the act with legislation in other Australian jurisdictions (e.g. the Corporations Act) and minimise compliance and administrative costs for incorporated associations.

New South Wales ‘leading the nation’ with record surpluses and minimal debt

23 Jun 2016

New South Wales has become Australia’s first half-trillion dollar economy, with budget surpluses, record infrastructure spending and a strong jobs outlook the focus of Treasurer Gladys Berejiklian’s budget speech delivered on Tuesday.

Queensland State Budget 2016-17

16 Jun 2016

Handing down his second budget on 14 June 2016, Queensland Treasurer Curtis Pitt said it was a ‘back to work’ undertaking focused on innovation, investment and infrastructure.

Employee Share Scheme reporting obligations

10 Jun 2016

Has your company/parent company provided free or discounted shares, performance rights or options (ESS interests) to employees, directors or individual consultants/ nominees (‘employees’) during or prior to the income year ending 30 June 2016, and have these ESS interests been exercised (‘vested’) during or prior to the 2016 income year?

Buyers and sellers beware

27 May 2016

The Tax and Superannuation Laws Amendment (2015 Measures No.6) Bill 2015 received Royal Assent on 25 February 2016.

Disrupting the status quo: Australia’s Mid-Size Business Technology Landscape

24 May 2016

Are Australia’s mid-size businesses using technology to their advantage? Is IT investment aligned to business priorities? Are companies strengthening their digital presence, and using digital media to strengthen their brands at home and abroad?

New Attribution Managed Investment Trust regime

20 May 2016

The package of Bills introducing the new Attribution Managed Investment Trust AMIT’) regime and containing several amendment to the existing trust rules (notably the repeal of the corporate unit trust provisions and amending the public trading trust provisions so they are not triggered by superannuation funds holding units) received Royal Assent on 5 May 2016.