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Grant Thornton advises on the successful sale of Kinetic

16 Jan 2018

Grant Thornton is pleased to congratulate the shareholders of Kinetic Information Systems, a leading specialist provider of IT software and consulting to the Community Housing sector, on their sale to Castleton Technology plc

Grant Thornton advises on the successful sale of Eptec

21 Dec 2017

Grant Thornton is pleased to congratulate the shareholders of Eptec, a leading specialist provider of corrosion solutions to the infrastructure and marine sectors on their sale to the Management Team backed by Alceon Private Equity.

Deductible Gift Recipients and the new Government reform agenda

06 Dec 2017

On Tuesday night, the Government announced its planned reform of the deductable gift recipient status. This will be seen as good news for many in the NFP industry as it will essentially help streamline the process in which you access donations – but there’s more to be clarified.

The Qld Building Industry Fairness (Security of Payment) Act (“BIF”) was recently passed

22 Nov 2017

The Qld Building Industry Fairness (Security of Payment) Act (“BIF”) was recently passed by the Qld government and has now received royal ascent.

Super Success - Relief for up to 85% of SMSFs

14 Nov 2017

The ATO has announced 85% of SMSF Trustees are no longer required to undertake the burden of additional reporting required from 1 July 2017 in "real time", allowing access to annual reporting.

New GST rules – Purchaser GST withholding on sales of new residential premises

12 Nov 2017

Under the current GST law, GST is included in the purchase price of new residential premises and new potential residential land) and the supplier/developer remits that GST to the ATO in their Business Activity Statement for the tax period in which the supply occurs.

BCIPA and Subcontractors Charge Act repealed and replaced with BIF

24 Oct 2017

In our second instalment exploring the potential impact of the Qld Building Industry Fairness (Security of Payment )Bill, we look at reforms to BCIPA and the Qld Subcontractors Charge Act.

Are you a Significant Global Entity?

24 Oct 2017

Given the focus, of the Australian Government on SGEs, will continue into the future, Grant Thornton Australia Limited has employed a centralised approach to our initial communications with SGEs.

Junior Minerals Exploration Incentive Bill introduced to Parliament

22 Oct 2017

The Treasury Laws Amendment (Junior Minerals Exploration Incentive) Bill 2017 was introduced to the House of Representatives on Thursday 19 October 2017 to replace the former Exploration Development Incentive (EDI) with the Junior Minerals Exploration Incentive (JMEI).

Superannuation guarantee changes - salary packaging impact

22 Oct 2017

Most employers that offer salary packaging, currently pay superannuation on the “pre-packaged” salary amount, ie. prior to the deductions for salary packaged items. This treatment, therefore, means that compulsory superannuation is based on an amount inclusive of salary packaged superannuation, so for these employers, the changes will have no impact.