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...
Capital Gains Tax (CGT) is a tax on the profit realized on the sale of a non-inventory asset such as property, real estate or stocks. In relation to wills, it is important to note that this tax can come into play when beneficiaries seek to vary gifts granted to them...
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...
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....
A worker has again failed to prove she was an employee rather than a contractor, with an appeal bench ruling three critical factors pointed “decisively away” from an employment relationship. In August 2019, Fair Work Commissioner Peter Hampton rejected an Uber Eats...
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 –...
