NSW: Reform to casino tax rates
The NSW government has announced that casino tax rates will be increased. The proposed increases are anticipated to commence on 1 July 2023 and include tax rates on what the casinos earn from gaming tables and poker machines.
Draft instrument: Reporting period for electronic distribution networks
The ATO has issued exposure draft instrument Taxation Administration (Reporting by Electronic Distribution Platform Operators) Legislative Instrument 2022. It will amend the annual reporting period of electronic distribution platform operators to a 6-monthly reporting period. Date of effect: Various dates depending on the nature of the transaction.
Woman sentenced after stealing millions from super accounts
The Australian Federal Police have advised that a Melbourne woman has been sentenced for her role in a major international criminal syndicate, which stole millions of dollars from the superannuation and share trading accounts of victims using fraud and identity theft. The amount stolen through the fraudulent scheme is estimated to be in excess of $3.3m. The woman was sentenced to 5 years and 6 months’ imprisonment with a non-parole period of 4 years.