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.
Read morePosts by Ian Murray-Jones
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.
Read moreNSW 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.
Read moreInsolvency reforms for small businesses introduced
The Government has introduced the Corporations Amendment (Corporate Insolvency Reforms) Bill 2020 into Parliament.
Read moreSales 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.
Read moreAll 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.
Read moreNew corporate residency test: Board of Taxation releases report
The Board of Taxation released its report Review of Corporate Tax Residency on 6 October 2020. The report was completed in July 2020.
Read moreJobKeeper 2.0 legislation introduced
The Coronavirus Economic Response Package (Jobkeeper Payments) Amendment Bill 2020 was introduced into the House of Representatives on 26 August.
Read moreJobKeeper amendments to turnover test and employment start date
The Prime Minister announced further changes to JobKeeper on 7 August 2020.
Read moreParliament passes JobKeeper Payment legislation
Legislation to implement the Government’s “JobKeeper Payment” scheme was passed by both houses of parliament late on 8 April 2020. The package of four Bills seeks to provide the framework to implement the plan announced by the Prime Minister on 30 March 2020.
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