Treasury Laws Amendment (2020 Measures No 2) Bill 2020 introduced – hybrid mismatch; single touch payroll (STP); DGRs; JobKeeper and secrecy provisionsMay 18, 2020
Treasury Laws Amendment (More Flexible Superannuation) Bill 2020 & Regulations – Improving flexibility of superannuation for older Australians – ‘bring forward’ rule, work rule and spouse contributionsMay 17, 2020
Treasury Laws Amendment (2020 Measures No. 1) Bill 2020 introduced to broaden ‘Significant Global Entity’ (SGE) definition and ‘merger’ of superannuation fund gain and loss rolloverMay 17, 2020
JobKeeper work related disputes about first payment; and direction to take annual leave – recent FWC decisionsMay 17, 2020
The Tax Institute – New Appointment: Andrew Mills – Director, Tax Policy and Technical (Ex Greenwoods & Freehills and ATO)May 16, 2020
JobKeeper – Alternative ‘decline in turnover’ tests for 7 situations – made by ATO ‘determination’ under the Act (the gift that keeps on giving…)May 6, 2020
Wareham v Marsella – SMSF dispute over trusteeship and death benefit – adult daughter of previous marriage distributes to herself but removed by ‘new’ husband of 30 yearsMay 5, 2020
Donkin & Ors v CofT – Beneficiaries assessable on increase in net income of trust (despite the ‘moving target’ style of trust distribution resolution)May 4, 2020
COVID-19 early release of super: APRA data on first week (600k applications and $1.3b) and PM’s 1.5.20 report (950k applications with $7.9b total)May 4, 2020
PCG 2020/4 – JobKeeper: ATO practical guidance on its auditing risk assessment of various schemes – genuine affect of the pandemic is the guideMay 4, 2020
PSLA 2020/1 – ‘Cashflow Boost’ measure – Commissioner’s guidance on when further time discretion should be exercised for ABN registration or notice of assessable income or taxable suppliesMay 4, 2020
JobKeeper – Amending Regs (No. 2) – Employee Hubs, religious practitioners, overseas aid and other charities and Universities accommodated – ‘one in all in’ principle strengthenedMay 4, 2020
Lex Greensill loses $60m tax battle – on Family Trust’s disposal of shares in foreign Greensill Capital sharesMay 3, 2020
Peter Greensill Family Co Pty Ltd v CofT – Trustee assessed, under s98, on capital gains, distributed to a non-resident, relating to shares that were not ‘taxable Australian property’May 1, 2020
Mussalli v CofT – Upfront payments to secure rent reduction payable for MacDonalds restaurants held not deductible (on capital account)April 30, 2020
ASIC reminds directors their duties still apply despite temporary COVID-19 relief from ‘insolvent trading’April 21, 2020
DXGQ v CofT – Transfer Pricing dispute split between the Federal Court and the AAT (on primary tax and penalties) should be heard togetherApril 21, 2020
SIS Regs amended to allow for early release of super for adverse effects of the COVID-19 pandemicApril 21, 2020
WA – Temporary COVID-19 relief for tenants: commercial and residential and ‘Code of Conduct’ facility (but no land tax relief)April 19, 2020
Queensland land tax rebates and ‘leasing principles’ (rent freeze, eviction protection, etc.) – both residential & commercialApril 19, 2020
Victorian Land Tax and Tenancy relief (both residential and commercial) – foreshadowing legislation consistent with the nationally announced ‘Code of Conduct’April 19, 2020
Early release of superannuation – ATO guidance and number of people registering interest (over 880k at 16 April)April 18, 2020
NSW announces package to protect residential tenants from evictions – 6 month moratorium, 60 day stopApril 18, 2020
NSW land tax relief to assist negotiating rent relief for SME tenants (of NSW property)April 18, 2020
ASIC exemptions for COVID-19 early release of superannuation – licensing relief for ‘tax agents’ and service relief for licensee’s (Instrument under Corps Act)April 18, 2020
‘JobKeeper’ benefits for the SELF-EMPLOYED an examination of the requirements in the RulesApril 15, 2020
JobKeeper scheme: Statutory Rules registered by Treasurer – a summary of the detail in this schemeApril 15, 2020
‘JobKeeper Rules 2020’ & accompanying ‘Explanatory Statement’ made 9 April 2020 (available for download)April 14, 2020
Coronavirus Payment and Omnibus Bills passed – setting up the headline ‘JobKeeper Payment’ regime and a raft of legislation – some relatedApril 9, 2020
JobKeeper Payments Rules: Treasury released ‘exposure draft’ – these rules are where the meat of system will lie (it will be ‘where the action is’)April 9, 2020
Mandatory Code of Conduct for landlords and SME tenants, of commercial properties, to negotiate rent relief over COVID-19 crisis periodApril 8, 2020
