The NSW State Government has announced further support for small businesses and the performing arts sector.
NSW Government announces further COVID support
Category: Update
Foreign property investors beware!!
All property in Victoria is subject to land tax, unless an exemption applies or the property is below the threshold ($300,000 from the 2022 land tax year).
ASIC issues guidance regarding mandatory Jobkeeper reporting for listed entities
The Corporations Act has recently been amended to include new disclosure requirements relating to Jobkeeper. These new reporting obligations are only imposed on listed entities.
Director ID timeline now confirmed by Government
The Government has released further guidance on Director ID for companies and corporate bodies registered under the Corporations Act and CATSI Act.
Windfall gains tax – what you need to know
The Windfall Gains Tax (WGT) has been introduced to Victorian State Parliament. We address what it means, how to apply, exclusions and other practical considerations.
Undeclared foreign income? The ATO has put you on notice!
The ATO is concerned Australian taxpayers are not disclosing assessable income, funds received from overseas where they are purported to be gifts or loans.
Mandatory JobKeeper disclosures for listed entities
Listed entities are now required to make certain disclosures to the market about JobKeeper payments. The information will be made publicly available.
Additional testing required for JobSaver
JobSaver participants will need to perform fortnightly testing to confirm continued eligibility for the grant.
Victorian property developers – think twice before nominating
The State Revenue Office has recently finalised their views on what constitutes “land development”. We outline the changes and possible associated risks for property developers being subject to double duty.
Tax residency changes for individuals
In the most Federal Budget, the Government announced changes regarding the individual tax residency rules, intending to simplify the rules.