TUESDAY No special leave to appeal sought in Guardian case It has been reported that neither the taxpayer nor the Commissioner has lodged special leave applications to appeal to the High Court from the decision of the Full Federal Court...

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Treasurer’s current statement on Stage 3 tax cuts and Budget In a recent press conference in Western Australia, the Treasurer Jim Chalmers, stated: “Our position on the tax cuts hasn't changed. We've made it clear in other ways, that we do need...

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NSW: Foreign resident surcharge land duty – not applicable to all foreign residents! NSW Revenue has issued a release advising that the NSW land surcharge provisions for foreign residents are inconsistent with international tax treaties entered into by the Federal Government...

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MONDAY ATO: Super data update: lost, unclaimed, multiple accounts etc The ATO has advised that it has updated its super data up to 30 June 2022 which includes the number and value of accounts for both lost (fund-held) and unclaimed (ATO-held) super....

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FBT: Addendum to car parking fringe benefits ruling The ATO has released an Addendum to TR 2021/2 (Fringe benefits tax: car parking benefits). The Addendum incorporate changes which address the concept of “primary place of employment” in light of the decision in FCT v Virgin...

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Legislating objective for super: consultation paper released The Government has announced that it has released a consultation paper that seeks feedback about the benefits, phrasing and implementation of an objective for superannuation. In doing so, the government stated that despite its central...

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MONDAY Unregistered tax-agent imprisoned and fined for contempt The Federal Court has fined an unregistered tax-agent $80,000 and sentenced him to 10 days imprisonment for contempt of court. The contempt related to the preparation and lodgment of tax returns for...

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Measures No 1 Bill 2023 introduced: Various tax and other amendments The Treasury Laws Amendment (2023 Measures No 1) Bill 2023 was introduced into Parliament this morning [Thursday 16 February 2023]. The measures in the Bill will: amend the Corporations Act to...

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Review of Australian philanthropy The Government has announced that the Productivity Commission will undertake a review of Australian philanthropy with the aim of boosting donations to charities and meeting the Australian Government’s goal of doubling philanthropic giving by 2030. The Government said that “philanthropic...

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MONDAY ATO: Get ready for FBT time! The ATO has issued a reminder that as the 2023 FBT year ends on 31 March 2023 that it’s a good time to start thinking about FBT obligations and that you’ll need to work out...

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