Filter insights by:
Filters applied:
Showing 12 of 431 content results
The Risk of DPNs and Corporate Insolvencies
Client Alert The Risk of DPNs and Corporate Insolvencies
Are you a Director? Has your company met its PAYG, GST and Superannuation obligations? If not, you could be personally liable for these amounts.
Thomas Isbell
George Bendall
Elizabeth Lucas
| 4 min read | 07 Nov 2022
APRA review of superannuation trustees related party outsourcing arrangements
Client Alert APRA review of superannuation trustees related party outsourcing arrangements
Last week the Australian Prudential Regulation Authority (APRA) released the key observations from its thematic review of related party outsourcing arrangements across a sample of 10 retail superannuation trustees with outsourcing contracts worth a combined $1.2 billion annually.
Jane Stanton
George Sutton
| 3 min read | 14 Oct 2022
Individual Residency Rules – Draft Taxation Ruling released
Client alert Individual Residency Rules – Draft Taxation Ruling released
On 6 October 2022, the ATO released Draft Taxation Ruling TR 2022/D2 Income Tax: residency tests for individuals. TR 2022/D2 has consolidated and replaced previous ATO rulings, TR 98/17 and IT 2650 (both withdrawn effective 6 October 2022) on the ATO’s interpretation of the residency rules as set out in Section 6(1) of the Income Tax Assessment Act 1936.
Thomas Isbell
Thomas Isbell
| 1 min read | 07 Oct 2022
Administrative Appeals Tribunal releases new case regarding R&D activities
Client Alert Administrative Appeals Tribunal releases new case regarding R&D activities
On 21 September 2022 a case was released outlining that on 13 July 2022, the Administrative Appeals Tribunal (AAT) determined that the taxpayer was unable to show that activities were eligible R&D activities for income tax purposes. In doing that, the AAT affirmed the previous decision by ISA.
Uma Adash
Uma Adash
| 6 min read | 04 Oct 2022
Why property developers should consider the draft GST Determination for Margin Scheme Valuations
Client Alert Why property developers should consider the draft GST Determination for Margin Scheme Valuations
The ATO has released a draft Margin Scheme Valuation Requirements Determination for comment. While it’s substantially similar to the current determination, its differences may cause issues for property developers.
Anika Reside
Anika Reside
| 3 min read | 04 Oct 2022
RBA study into the cost of merchant’s payments released
Client Alert RBA study into the cost of merchant’s payments released
The RBA recently released its study into the developments in cost of card payments for merchants. The study highlights the action needed by both the RBA and the wider payments sector to strengthen competition and help reduce the cost of accepting card payments. Key themes include higher fees for smaller merchants, eftpos as the cheaper alternative, debit not credit and least-cost routing.
Dhun Karai
Dhun Karai
| 4 min read | 29 Sep 2022
Reintroduction of full fuel excise – what this means for you
Client alert Reintroduction of full fuel excise – what this means for you
From 29 September 2022, the temporary halving of fuel excise announced as part of the FY22/23 budget will end.
Anika Reside
Anika Reside
| 3 min read | 28 Sep 2022
Deadline to apply for Director Identification Numbers is fast approaching
Client alert Deadline to apply for Director Identification Numbers is fast approaching
The deadline for existing Directors to apply for a Director Identification Numbers (DIN) is fast approaching. Existing Directors have until 30 November 2022 to obtain a Director ID. New Directors will need to apply for a DIN prior to being appointed as a Director.
Gail Curtis
Gail Curtis
| 2 min read | 13 Sep 2022
Electric vehicles FBT exemption update
Client alert Electric vehicles FBT exemption update
The Senate committee charged with reviewing the government’s proposed new legislation for the exemption from fringe benefits tax (FBT) for electric vehicles (EVs) has now handed down its report.
Elizabeth Lucas
Elizabeth Lucas
| 2 min read | 09 Sep 2022
Direct domain names: secure your new .au
Client alert Direct domain names: secure your new .au
Since March 2022, existing .au registrants were eligible for the Priority Allocation Process, enabling them to apply for priority status of a direct .au domain name matching their pre-existing domain name. After 20 September 2022, direct .au domain names that have not been registered will be available to the general public.
Matthew Green
Matthew Green
| 3 min read | 31 Aug 2022
QBCC now requires General Purpose Financial Reports
Client alert QBCC now requires General Purpose Financial Reports
The Queensland Building and Construction Commission (QBCC) has confirmed that from 1 July 2022, licensees must provide the QBCC with General Purpose Financial Statements (GPFS) when either submitting a Minimum Financial Requirements (MFR) Report to adjust reported Net Tangible Assets (NTA) or Allowable Annual Turnover; or complying with annual reporting requirements (if licence categories 4-7). The changes mean that licensees wishing to adjust their NTA and/or approved turnover should ensure an MFR Report is signed before 31 October 2022 and lodged with the QBCC before 30 November 2022.
Murray Bragg
Sian Sinclair
| 6 min read | 30 Aug 2022
Consultation commenced on Treasury’s Multinational Tax Integrity and Transparency measures
Client Alert Consultation commenced on Treasury’s Multinational Tax Integrity and Transparency measures
The Labor Government has followed through on its election commitment of a multinational tax integrity package to target the tax loopholes used by multinational enterprises (MNEs) and to improve tax transparency, with the release of Treasury’s Discussion Paper on 5 August 2022.
Brett Curtis
Brett Curtis
| 2 min read | 11 Aug 2022
Load more