Financial Complaints Authority Takes Shape
Minister for Revenue and Financial Services Kelly O’Dwyer has announced the authorisation of the new [...]
Businesses, Get Ready: GST On Low Value Goods
From 1 July 2018, GST will be imposed on the supply low value goods from [...]
Government To Increase Civil Penalties For White-collar Crime
In response to recent Senate Economics References Committee and Australian Securities and Investments Commission (ASIC) [...]
Residential Rental Property Travel Expense Deduction Changes
Recent changes to Australian tax law mean that individuals, self managed superannuation funds (SMSFs) and [...]
Superannuation Insurance Opt-in Rule For Younger And Low-balance Members
The Government will change the insurance arrangements for certain cohorts of superannuation members from 1 [...]
Super Fees To Be Capped At 3% For Small Accounts, Exit Fees Banned
Passive fees charged by superannuation funds will be capped at 3% for small accounts with [...]
SMSF Audit Cycle Of Three Years For Funds With Good Compliance History
The annual audit requirement for SMSFs will be extend to a three-yearly cycle for funds [...]
Superannuation Work Test Exemption For Contributions By Recent Retirees
The Government will introduce an exemption from the work test for voluntary superannuation contributions by [...]
SMSF Member Limit To Increase From Four To Six
The Budget confirmed that the maximum number of allowable members in new and existing self [...]
Reportable Payments System Extended: Security Providers, Road Freight Transport And Computer Design
The Government will extend the taxable payments reporting system (TPRS) to the following industries: security [...]