No Major New Super Measures, But 1 July Reforms Loom Large
The Government did not announce any new major superannuation measures in the Budget. This will [...]
Merging Super Funds: Tax Relief Extended Until 1 July 2020
The Government will extend the current tax relief for merging superannuation funds until 1 July 2020 to [...]
Super Fund Related-party Transactions: Non-arm’s Length Income Rules To Be Amended
The non-arm’s length income (NALI) provisions for super funds will be amended from 1 July 2018 to [...]
Increased CGT Discount For Investments In Affordable Housing
From 1 January 2018 the CGT discount for individuals will be increased from 50% to 60% for [...]
New Residential Premises: Purchasers To Pay GST
Purchasers of newly constructed residential properties (or new subdivisions) will be required to remit the [...]
GST Treatment Of Digital Currency
The Government will align the GST treatment of digital currency with money. The treatment of [...]
CGT Small Business Concessions: Restricted To Assets Used In Business
The Government will amend the small business CGT concessions to ensure that the concessions can [...]
Illegal SMSF Early Access Scheme Leads To $6,000 Fine
ASIC reports that a man from South Melbourne has pleaded guilty in the Melbourne Magistrates [...]
Tax Free Payments To Child Sexual Abuse Survivors
Redress payments under the Commonwealth Redress Scheme for Survivors of Institutional Child Sexual Abuse (the [...]