The NSW Government has announced that it will take a 2-year superannuation contribution holiday.
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Stuart Jones
Stuart Jones is a Senior Tax Writer with Thomson Reuters and a respected commentator on all matters superannuation. Stuart is the author of the Australian Superannuation Handbook and contributes extensively to other Thomson Reuters’ services, including the Australian Tax Handbook.
Posts by Stuart Jones
Regulation of Auditing: Senate Committee report tabled
The Parliamentary Joint Committee on Corporations and Financial Services has tabled its final report into the Regulation of Auditing in Australia.
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Corporate tax compliance expectations post-COVID: ATO speech
The ATO has reminded company executives to consider the potential reputational impact from their tax decisions in a post-COVID world.
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ASIC Chair stands aside pending review into relocation expenses
ASIC Chair, James Shipton, has stood aside pending a review into relocation expenses, including for income tax advice paid for by ASIC.
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Budget: Super trustees – new best “financial” interests duty
The Government has announced that it will legislate to compel trustees of APRA-regulated superannuation funds to act in the best “financial” interests of their members.
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2020-21 Federal Budget: “all about jobs” plus record deficit, big spending, backdated tax cuts and more
On Tuesday, 6 October 2020, Treasurer Josh Frydenberg handed down the 2020-21 Federal Budget, his second Budget.
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Westpac agrees to $1.3bn penalty for AML/CTF breaches
Westpac and AUSTRAC have agreed to a $1.3bn penalty for over 23 million alleged breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act). The proposed penalty and…
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Treasurer flags record $184.5bn Budget deficit
The Treasurer, Josh Frydenberg has released an Economic and Fiscal Update July 2020, forecasting an underlying cash Budget deficit of $85.8bn for 2019-20, rising to $184.5bn for 2020-21 (or 9.7% of GDP).
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JobKeeper extended with cuts and tests ahead
The Government has announced that JobKeeper payments will continue for 6 months beyond its legislated finish date of 27 September 2020, subject to revamped eligibility rules.
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