The professional bodies have released their joint submission to the ATO’s Draft Practical Compliance Guideline PCG 2021/D2.
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Ian Murray-Jones
Ian has worked at Thomson Reuters for over 15 years as a senior tax analyst with expertise in income tax and GST. He has been involved in tax publishing for over 25 years.
Prior to his tax writing career, Ian worked as a manager for a Big 4 accountancy firm and then with a firm which provided specialist tax advice for the music and recording industry.
Ian holds a Bachelor of Economics degree, is a Chartered Accountant and a registered tax agent. Among other things, Ian is the author of the Australian GST Handbook, the GST Commentary Service, the Australian Financial Planning Handbook and the specialist income tax commentary services, as well as being a regular contributor to the news services.
Posts by Ian Murray-Jones
Release authorities and SMSF Rollovers: ATO instrument released
The ATO released the Superannuation Data and Payment Standards (Release Authorities, and SMSF Rollovers) Amendment 2021 on 29 March 2021.
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Decision in asset betterment case sent back to AAT: Le v FCT
The Federal Court has held that the AAT should hear again a case involving assets betterment assessments.
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ATO data-matching for motor vehicle registrations
The ATO has gazetted a Notice which will enable it to acquire motor vehicle registry data from State and Territory motor vehicle registry authorities for the period 2019-20 to 2021-22.
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TSB winds up FASEA: New body to be announced
The Treasurer and the Assistant Minister for Superannuation, Financial Services and Financial Technology have issued a joint media release announcing changes to the regulatory framework that applies to financial advisers.
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Canberra lawyer and accountant charged with facilitating organised crime
The Australian Federal Police have reported that two men and a woman have been arrested for allegedly being professional facilitators of organised crime in Canberra.
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NSW Budget 2020-21 roundup
The NSW Treasurer, Dominic Perrottet, handed down the NSW Budget 2020-21 on 17 November 2020. This article outlines some of the key tax measures aimed at supporting businesses.
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Insolvency reforms for small businesses introduced
The Government has introduced the Corporations Amendment (Corporate Insolvency Reforms) Bill 2020 into Parliament.
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Sales of vacant subdivided land subject to GST: San Remo Heights Pty Ltd v FCT
The Small Business Claims Tribunal has held that a company (the “taxpayer”) was liable to GST on the sale of 2 lots of vacant land acquired in 1962: San Remo Heights Pty Ltd v FCT.
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All DGRs to be ACNC registered: draft leg released
Treasury has released exposure draft legislation which, if implemented, will require a fund, authority or institution seeking endorsement as a Deductible Gift Recipient (ie a DGR) to be an Australian government agency, a registered charity, or operated by an Australian government agency or a registered charity.
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