Feb 1, 2019 | News, Superannuation, Taxes
Timing of election This year, Australian voters will elect members of the 46th Parliament. According to s. 28 of the Commonwealth of Australia Constitution Act, an election for the members of the House of Representatives must be held every three years. The term of...
Jan 7, 2019 | News, Taxes
On 17 December 2018, the Government released the Mid-Year Economic and Fiscal Outlook 2018–19 (MYEFO). The MYEFO provides updated information on the Government’s fiscal position and includes policy decisions taken since the 2018–19 Federal Budget was handed down on 8...
Dec 18, 2018 | News, Taxes
That’s a wrap! Now that the Federal Parliament has risen for the summer break, this is an opportune time to take stock of the key outstanding tax and superannuation measures. According to the draft Parliamentary sittings for 2019, Parliament is scheduled to next...
Oct 31, 2018 | News, Taxes
On 25 October 2018, the Treasury Laws Amendment (Lower Taxes for Small and Medium Businesses) Act 2018 (the Act) received Royal Assent as Act No. 134 of 2018. The Act amends various taxation Acts to accelerate: the reduction of the corporate tax rate for corporate tax...
Oct 26, 2018 | Div 7A, News
On 22 October 2018, the Treasury released a consultation paper titled Targeted amendments to the Division 7A integrity rules. The paper sets out the Government’s proposed implementation of the amendments to improve the integrity and operation of Div 7A of Part III of...
Oct 9, 2018 | News, Single Touch Payroll
The Single Touch Payroll (STP) reporting regime commenced on 1 July 2018 for ‘substantial employers’ (businesses with at least 20 employees). Since 1 July 2018, many registered tax and BAS agents have been assisting their clients by lodging STP reports on their...
