Qld Payroll tax: discretion to exclude from “grouping”
Queensland Treasury has issued Public Ruling PTA031.3 Commissioner’s discretion to exclude from a group. It explains the discretion available to the Commissioner under s 74 of the Payroll Tax Act 1971 (Qld) to exclude an employer from “grouping”. Broadly, it provides that in order for an employer to be granted an exclusion from a group, the Commissioner must be satisfied that: (a) the business is carried on independently of businesses carried on by any other member of the group; and (b) the business is not connected with the carrying on of businesses carried on by any other member of the group.
ATO reminder: SMSF Record keeping
The ATO has reminded trustees of SMSFs that keeping and maintaining good records is a key responsibility and also a legal requirement. They also note that it will make it easier for trustees to administer and manage their super. The ATO also says that if a trustee is unsure about anything they can watch the ATO’s short video on record-keeping requirements or take an approved education course to improve their understanding and knowledge of their obligations as an SMSF trustee.
Vic land tax: draft ruling on exemption for charitable institutions
The Victorian State Revenue Office has issued Draft Ruling LTA 009 which deals with the land tax exemption for charitable institutions. It provides that the question of whether or not an organisation is a charity is determined in accordance with common law principles and that, generally, an organisation is a charity if it is established for: the relief of poverty; the advancement of education; the advancement of religion; or another purpose beneficial to the community. Comments are due by 15 May 2022.
