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Australian Public Country-by-Country reporting legislation
Client Alert Australian Public Country-by-Country reporting legislation
Australia's new Public Country-by-Country reporting law, effective 1 July 2024, mandates multinationals to disclose financial activities, tax practices, and profit allocation per country.
Jason Casas
Christine Cornish
Keith To
| 6 min read | 09 Dec 2024
Update on the proposed Superannuation Division 296 tax
Client Alert Update on the proposed Superannuation Division 296 tax
The Labor Government hasn’t secured the necessary crossbench support to pass its proposed tax on superannuation accounts exceeding $3m. As of the most recent sitting of Parliament this week, the Bill has not been included in the government's list of priority legislation, raising questions about its viability and the likelihood of it being enacted into law.
Simon Gow
Simon Gow
| 2 min read | 28 Nov 2024
Victoria introduces Short Stay Levy
Client Alert Victoria introduces Short Stay Levy
In a move to encourage property investors to make their homes available for long term rentals, the Short Stay Levy Act 2024 will come into effect on 1 January 2025, imposing a levy on the booking fees paid for short stays on Victorian properties.
Kristina Popova
Kristina Popova
| 5 min read | 14 Nov 2024
Superannuation: What you need to know from September 2024
Client Alert Superannuation: What you need to know from September 2024
If you have any questions about the changes to superannuation, our national Superannuation team are here to help.
Simon Gow
Simon Gow
| 3 min read | 07 Nov 2024
New Supplementary Annual GST Return (SAGR) for Top 100 and Top 1,000 Taxpayers
Client Alert New Supplementary Annual GST Return (SAGR) for Top 100 and Top 1,000 Taxpayers
The ATO is enhancing its Justified Trust program for GST, expanding mandatory reporting for large public and multinational taxpayers.
Cliff Chang
Anika Reside
Rhys Penning
| 4 min read | 30 Oct 2024
Expert Determination: When it’s an ‘error’, but not a ‘manifest error’
Client Alert Expert Determination: When it’s an ‘error’, but not a ‘manifest error’
In a recent NSWSC judgment, the Court found that an error identified by the Expert is not a ‘manifest error’.
Thomas Caldow
Thomas Caldow
| 3 min read | 15 Oct 2024
R&D investment trends in Technology, Media, and Telecommunications from the ATO
Client Alert R&D investment trends in Technology, Media, and Telecommunications from the ATO
The recent release of the Australian Taxation Office’s (ATO) R&D Tax Transparency Report for the 2021-22 period delivers valuable insights into the state of research and development (R&D) using claim data across various sectors, particularly in Technology, Media, and Telecommunications (TMT).
Sukvinder Heyer
Jace Gawne-Buckland
| 4 min read | 15 Oct 2024
Get ready for round 4: exciting updates to the EMDG Program
Client Alert Get ready for round 4: exciting updates to the EMDG Program
The EMDG program fourth reformed round opens in November 2024, helping Australian small and medium-sized enterprises expand internationally.
Rebecca Iwanuscha
Rebecca Iwanuscha
| 6 min read | 10 Oct 2024
FBT exemption phase-out for plug in hybrids (PHEVs) effective from 1 April 2025
Client Alert FBT exemption phase-out for plug in hybrids (PHEVs) effective from 1 April 2025
Stay updated on the FBT exemption phase-out for plug-in hybrids (PHEVs) effective from 1 April 2025. Learn about the Independent Senator’s Bill, ATO guidance, and examples of financially binding commitments affecting FBT treatment.
Elizabeth Lucas
Elizabeth Lucas
| 4 min read | 09 Oct 2024
Breaking down the data: Insights from the ATO's first R&D Tax Transparency Report
Client Alert Breaking down the data: Insights from the ATO's first R&D Tax Transparency Report
The ATO released its first annual R&D Tax Transparency Report. This initiative stems from the R&D reforms brought into effect from 1 July 2021, along with the increased focus on corporate tax transparency and is designed to provide a new level of transparency into the R&D Tax Incentive program.
Rebecca Iwanuscha
Bianca Patrick
| 4 min read | 04 Oct 2024
Superannuation Guarantee – recent announcements on Payday Super
Client Alert Superannuation Guarantee – recent announcements on Payday Super
Explore the recent announcements on Payday Superannuation reforms and the Superannuation Guarantee (SG) changes set to take effect from July 2026. This page outlines the new requirements for employers regarding Ordinary Time Earnings (OTE), details on late payment penalties, and key compliance strategies to prepare for these changes.
Elizabeth Lucas
Elizabeth Lucas
| 5 min read | 26 Sep 2024
Impact of pending USA de minimis reforms on Australian retailers
Client Alert Impact of pending USA de minimis reforms on Australian retailers
The USA is preparing reforms to its de minimis exemptions, a change that could significantly affect Australian retailers selling goods manufactured in China and exporting to the USA. With higher tariffs and stricter customs regulations on the horizon, businesses may face increased costs and compliance challenges, requiring a reassessment of supply chain strategies.
Richard Nutt
Rashtin Fazal
| 4 min read | 25 Sep 2024
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