No change to amount of Private Health Insurance rebate
The Government has advised that there will be no changes to the Australian Government Private Health Insurance (PHI) Rebate. This follows the release of the annual indexed figures for the Rebate Adjustment Factor (RAF) – which represents the difference between the CPI and the industry weighted average increase in premiums release.
Radiocommunications taxes collection regulations made
The Radiocommunications Taxes Collection Regulations 2023 (the Regulations) has been made. It will remake and update the Radiocommunications Taxes Collection Regulations 1985 that are scheduled to be repealed as a result of the sunsetting provisions. Among other things, the Regulation updates provisions that address organisation titles, cancelled licence tax refunds and the refund of tax paid annually.
ATO: information on Corporate Collective Investment Vehicles
The ATO has released information on how to register and meet lodgment and reporting obligations for Corporate Collective Investment Vehicles (CCIVs). The information deals with the following matters: What is a CCIV; the CCIV tax framework; attribution CCIV sub-fund trust eligibility requirements; failure to meet AMIT eligibility criteria; registering to operate a CCIV; lodgment and reporting obligations; investor information; GST liability under the CCIV tax framework; and CCIV consultation.
