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The new rules will apply to individuals, trusts (which are not widely held) and to self-managed super funds (SMSF’s).
The GST treatment of food products has made the headlines over the last few months. Most notably the above front page of The Age earlier this year.
Treasurer Ben Wyatt delivered the Western Australian State Budget on 9 October 2020, the first of the State and Territory budgets of 2020.
Are you a property developer who has built new residential property to sell, but instead have had to lease them due to market conditions?
Financial reporting thresholds for ‘large’ proprietary companies have been doubled following a recent Australian legislative change which is effective for financial years commencing on or after 1 July 2019.
On 5 April 2019, the ATO released Draft Taxation Ruling, TR 2019/D2 to clarify how entities should utilise the ALDT (“the ALDT Draft Ruling”). This ruling applies retrospectively.
Practical Compliance Guide (PCG) 2018/9 provides a transition period for foreign incorporated companies to change their governance arrangements so that they do not become Australian residents solely because their central management and control (CM&C) is located in Australia.
Treasurer Ben Wyatt delivered the Western Australian State Budget on 9 May 2019. This Budget promotes jobs growth and encourages investment in key sectors of the economy.
On 25 March 2019, APRA proposed updating its prudential standard on credit risk with an update to APS 220 Credit Risk Management to capture the full credit life cycle.
From 1 January 2019, Queensland’s building industry participants are again required to lodge their annual audited accounts with the Queensland Building and Construction Commission (QBCC), demonstrating compliance with the QBCC’s Minimum Financial Requirements in order to maintain their building licence.
The Royal Commission into the aged care industry will look at the quality of care provided to frail aged people and people living with disabilities in residential and home aged care.
Grant Thornton is pleased to congratulate the shareholders of AudioXtra Pty Ltd (AudioXtra), a leading specialist mobile and car electronics manufacturer, wholesaler and distributor, on their sale to the Japanese listed automotive wholesaler and retailer, AUTOBACS SEVEN Co. Ltd. (AB7).
