Based on the published transaction data for Q3 FY2023, there were 199 deals completed compared to 297 in Q2 FY2022, being a decrease of 33%.
Category: Update
Federal Budget 2023-24
Review our succinct summary of the announcements related to personal and business taxation, tax compliance and superannuation.
Extra tax on super balances over $3m
The Federal Government is seeking to introduce changes to tax concessions in superannuation. A summary of key points for the new proposed tax on $3m super balances.
Australian M&A activity Q2 FY2023
Based on the published transaction data for Q2 FY2023, there were 270 deals completed compared to 452 in Q2 FY2022, being a decrease of 40%.
‘Grandfathering’ regime comes to an end
Recent changes mean that ‘grandfathered’ large proprietary companies with financial years ending on or after 10 August 2022 will have to lodge their audited financial statements with ASIC.
ASIC announces extension to reporting deadlines for unlisted entities
ASIC has announced that it will extend the statutory reporting deadlines for unlisted entities reporting at 30 June 2022.
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.