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The ATO recently amended GSTR 2004/4 Assignment of payment streams including under a typical securitisation arrangement (GSTR 2004/4) to clarify how the ATO permits GST recovery for a home loan originator.
As flagged in June this year, Federal Parliament has passed a comprehensive package of reforms to Australia’s foreign investment review framework and Foreign Acquisitions and Takeovers Act 1975 (FATA), due to come into effect on 1 January 2021.
On 1 January 2021, a new simplified small business restructuring process will become available for small businesses.
Commencing in 2021, the Federal Government has announced a new, simplified small business restructuring process for small businesses as part of the economic relief reforms.
Nearly all discretionary trusts are taken to be foreign persons in NSW.
Appropriate culture, governance systems and remuneration structures are critical to rebuilding trust in financial institutions and ensuring a resilient financial system. APRA, as the prudential regulator, plays a significant role in this through introducing new standards and its oversight regime.
The Queensland Parliament has passed legislation expanding the application of mandatory Project Bank Accounts (PBA’s) and renaming them to Project Trust Accounts (PTA’s).
Small businesses in Sydney recently out of lockdown may now have access to toll rebates and discounted licensing fees.
Further to our article regarding the Treasurer’s announcement on 9 September 2020, the Queensland Government yesterday released administrative guidelines for introducing a duty exemption for some small business restructures in the form of Public Ruling DA000.16.1.
The New South Wales Government has moved to extend rent relief measures for commercial tenancies, providing an additional land tax concession to commercial landlords who provide relief.
On 23 September 2020, Treasurer Josh Frydenberg announced the most significant insolvency reform in the last 30 years
The Hon. Rob Lucas, Treasurer of South Australia last week announced the extension and expansion of the State’s COVID-19 rent relief measures.