The ATO's power to access taxpayer information The ATO’s wide-ranging formal and informal information gathering powers are supported by an arsenal of powerful computers, connections with other government bodies and an array of sanctions to assure cooperation, which...
How does the ATO obtain taxpayer information?
The ATO’s power to access taxpayer information The ATO’s wide-ranging formal and informal information gathering powers are supported by an arsenal of powerful computers, connections with other government bodies and an array of sanctions to assure cooperation,...JobKeeper – new rules and ATO guidance
Print this article. Background The Banter Blog article titled The JobKeeper Payment, published on 17 April 2020, outlined the operation of the Government’s $130 billion JobKeeper Payment scheme which was enacted on 9 April 2020 (the Coronavirus Economic Response...The JobKeeper Payment
Print this article. NOTE: Changes to the JobKeeper rules and new ATO guidance released between 9 April 2020 and 8 May 2020 are outlined in the Banter Blog article titled JobKeeper – new rules and ATO guidance. Background On 9 April 2020, the Coronavirus...The Coronavirus economic stimulus package
Editor’s note: On Thursday, 2 April, we conducted a webinar, hosted by Senior Tax Trainer Robyn Jacobson, on the implications of this package. Click here for more information and to register for a copy of the recording. Background The Coronavirus (COVID-19)...Tax Practitioners Board proposal to increase CPE requirements
TPB proposal to increase CPE hours The Discussion Paper On 19 February 2020, the Tax Practitioners Board (TPB) released a discussion paper titled TPB(DP) D1/2020 Continuing professional education for tax practitioners under the Tax Agent Services Act 2009 (the...Directors’ personal liability extended to include companies’ GST liabilities
The Combating Illegal Phoenixing legislation Another layer of the corporate veil has been lifted. The Treasury Laws Amendment (Combating Illegal Phoenixing) Act 2019 (the Act), which received Royal Assent on 17 February 2020 as Act No. 6 of 2020, extends the director...