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In our October 2014 Tax Alert we highlighted the announcement by the Federal Government (as part of its Industry and Competitiveness Agenda) to change Australia’s Employee Share Scheme (ESS) tax laws. The Government has now released draft legislation to reform the ESS rules, primarily designed to bring them more in line with international standards to assist Australian business attract, retain and incentivise employees in an international labour market. If these changes become law they will apply to ESS shares and rights acquired on or after 1 July 2015.

Tax alert: GST & remote housing accommodation

A series of financial reporting guides on specific financial reporting standards.

With so much change to employer superannuation following the implementation of the Government’s StrongerSuper legislation, Grant Thornton has prepared a Superannuation Guide for Employers. This guide will be a useful resource for those with an interest in your staff superannuation fund.

Grant Thornton looks at the potential impact of IFRS 15 'Revenue from Contracts with Customers' for revenue recognition in the life sciences industry.

A quick, easy reference listing key tax information

Grant Thornton looks at the potential impact of IFRS 15 'Revenue from Contracts with Customers' for revenue recognition in the software and cloud services industries.

Grant Thornton looks at the potential impact of IFRS 15 'Revenue from Contracts with Customers' for revenue recognition in the manufacturing industry.

Grant Thornton looks at the potential impact of IFRS 15 'Revenue from Contracts with Customers' for revenue recognition in the construction industry.

Grant Thornton looks at the potential impact of IFRS 15 'Revenue from Contracts with Customers' for revenue recognition in the retail industry.

Grant Thornton is a thought leader in the accounting industry and regularly makes public submissions to various regulatory and standards setting bodies.

A farm-out arrangement typically involves an entity (the farmor) agreeing to provide a working interest in a mining property to a third party (the farmee), provided that the farmee makes a cash payment to the farmor and/or incurs certain expenditures on the property to earn that interest.