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New Law Rises to combat Illegal Phoenixing

Recent reform and the inception of illegal phoenixing legislation has targeted illegal phoenixing practices. Receiving royal assent on 17 February 2020, the Treasury Laws Amendment (Combatting Illegal Phoenixing) Act 2020 is now in force and provides such regulatory...

Beware: Tax avoidance schemes to watch out for

Promoters are always looking for new ways to exploit the law or changes in the law. They promote schemes to people and promise tax benefits that aren’t legally available. Tax avoidance schemes range from mass-marketed arrangements advertised to the public, to...

ATO Restarting the GST Audit program

The ATO has provided us with the following update on GST audits relevant to the Public Groups & International (PGI) market: The PGI teams are starting their GST Top 1000 audit program in August and the ATO has decided to start its programs progressively over time....

Modernising Business Registers (MBR)

The package of legislation to modernise the business registers passed Parliament last week and awaits Royal Assent. As a result of the passage of this legislation, there will be a new Commonwealth business registry regime and registry functions under one Registrar –...

Cents Per Kilometre Method

Only use this method if you are a sole trader or partnership (where at least one partner is an individual) claiming for a car. On this page: This method Rates How you use this method This method The cents per kilometre method: uses a set rate for each kilometre...

New Building Laws for NSW

Last week the Design and Building Practitioners Act 2019 (the Act) and the Residential Apartment Buildings (Compliance and Enforcement Powers) Act 2020 (the RAB Act) passed NSW Parliament. The following information provides a brief overview of the new laws. We will...

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