Newsletter
June 2011 Newsletter
Trust Law Changes On The Way
The Government has announced that it intends to review and rewrite the highly complex area of trust tax law to deal with ongoing uncertainties regarding its proper application. Click heading to read further.read more
Personal Services Entities - ATO Takes a Closer Look
The Australian Tax Office (ATO) has announced that it will request and collect information on amounts paid to personal services entities by 39 labour hire firms, placement agencies and computer consultancies. Click heading to read further.read more
Flood Levy Now Law
The legislation to implement the Government's proposed temporary flood levy has been enacted. Click heading to read further.read more
GST and Goods Sold With Discounted Components
The ATO has released its official view of the Full Federal Court's decision in a case which concerned the correct calculation of GST on goods sold that are partly taxable and partly GST-free. Click heading to read further.read more
Land Sale Case Sheds Light On Going Concern GST-free Concession
In a recent decision, the Federal Court held that a supply (sale) of land by a taxpayer was not a supply of a going concern, and therefore was not GST-free. Click heading to read further.read more
Employees Not Contractors Says Court
In a recent decision, the Federal Court held interpreters engaged by a business to provide interpreting and translating services were "employees" for superannuation guarantee purposes. Click heading to read further.read more
Self Managed Super Funds and Collectables
The Government has introduced legislation into Parliament to change the superannuation law to implement strict rules on trustees of self-managed superannuation funds (SMSFs) who make, hold or realise investments that are considered to be "collectables or personal use assets". Click heading to read further.
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FBT Rates and Thresholds for 2011-12
The ATO has announced important FBT rates and thresholds for the 2011–12 FBT year that commenced on 1 April 2011. Click heading to read further.read more
Car Expenses - Rates per Kilometre for 2010-11
The Government has announced the "cents per kilometre" rates for calculating tax deductions for car expenses for the 2010–11 income year. Click heading to read further.read more