Multiple Employers, SG and the Concessional Contributions Cap
Multiple employers, SG and the concessional contributions cap Background Schedule 2 to the Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2018 proposes to amend the Superannuation Guarantee (Administration) Act 1992 (SGAA) [...]
Unenacted Tax Measures at 30 June 2018: Bills Wrap Up
Unenacted Tax Measures at 30 June 2018: Bills Wrap Up In wrapping up the Autumn session of Parliamentary sittings, the Senate adjourned at 8.17 pm on Thursday 28 June 2018 until Monday 13 [...]
The New Superannuation Guarantee Amnesty
The new Superannuation Guarantee amnesty On 24 May 2018, the Government announced a one-off, 12-month amnesty (the Amnesty), and introduced legislation into Parliament, which allows non-complying employers to self-correct any unpaid superannuation guarantee [...]
Post Budget Observations
Post-Budget observations The Treasurer, Scott Morrison, delivered his third Federal Budget on 8 May 2018. The detailed tax measures contained in the 2018–19 Federal Budget are set out in our comprehensive Budget Summary [...]
Prepare now for Single Touch Payroll
Prepare now for Single Touch Payroll On 1 July 2018 Single Touch Payroll (STP) will commence for 'substantial employers' which had at least 20 employees on 1 April 2018. This article contains some practical action [...]
Where will this year’s Federal Budget take us?
Where will this year’s Federal Budget take us? The 2018–19 Federal Budget (the Budget) will be released at 7.30pm (AEST) on Tuesday, 8 May 2018. In the final week before we make the annual e-pilgrimage [...]
Draconian and retrospective CGT main residence exemption amendments hit Parliament
Draconian and retrospective CGT main residence exemption amendments hit Parliament NOTE: In this article, all section references are to the Income Tax Assessment Act 1997. On 8 February 2018, the Treasury Laws Amendment (Reducing Pressure [...]
Tax law trailing behind Bitcoin
Tax law trailing behind Bitcoin The recent news cycle has extensively followed the astronomical growth — and the odd sharp dip — in the value of Bitcoin, the cryptocurrency phenomenon. With an unprecedented level of [...]