Practice Update: May 2019

Compiled by our Tax Experts NTAA. Federal Election called! The Federal Election has been called for Saturday 18 May 2019, and the Governor-General has ‘prorogued’ the Parliament from 11 April 2019 until 18 May 2019, and dissolved the House of Representatives. The election will also be for half the Senate. As a result, all outstanding […]

Practice Update: January/February 2019

Compiled by our Tax Experts the NTAA Division 293 assessments The ATO has been issuing ‘Additional tax on concessional contributions (Division 293) assessments’ with respect to liabilities relating to the 2018 income year. Division 293 imposes an additional 15% tax on certain concessional (i.e., taxable) superannuation contributions. It applies to individuals with income and concessional […]

Workplace Relations News: December 2018 By Tania Harris

Tasmanian Public Holidays 2019   A REFERENCE POINT to Learn Changes in Australian Law.   Issues that Affect Your Business. Keeping Employers Up-to-Date.  DOMESTIC VIOLENCE LEAVE INCLUDED IN NATIONAL EMPLOYMENT STANDARDS On 6 December 2018, the Fair Work Amendment (Family and Domestic Violence Leave) Bill 2018 (Bill) passed both Houses of Parliament. The Bill will come into effect on a date to […]

Practice Update: December 2018

Compiled by our tax experts at NTAA Company loans to shareholders under review The Government has released a consultation paper outlining proposed reforms to ‘simplify’ the loan agreements that are generally required when a shareholder (or their associate) borrows funds (or receives a payment) from a related company. Editor: Broadly, where a private company makes […]