Stark v CofT – Payment in settlement of court case was an ETP – loss of earnings not loss of earning capacityAugust 2, 2021
Cessnock Holden Central Pty Ltd v CofT – Company formed after 1 March 2020 did not qualify for JobKeeper paymentsAugust 2, 2021
Two maxims of tax policy: ‘tax luck but don’t tax hard work’ and ‘broad bases, low rates’ – what were they thinking Mr Breunig?August 2, 2021
Clark v CofT – Extension of time to lodge objections refused because taxpayer had poor prospects of proving the deductions he sought to claimAugust 1, 2021
A ’round-up’ of the Federal Legislative Tax Program as at 29 July 2021 – Acts, Bills, exposure drafts, consultations, reviews and ATO guidanceJuly 31, 2021
ASIC v MobiSuper Pty Ltd & Ors – Court finds former super trustee failed to act efficiently, honestly and fairly (outsourcing and preventing misrepresentations)July 31, 2021
Corporate Superannuation accounts – ASIC alleges ‘fees for no service’ against against 6 AMP companies ($600k on 1,500 accounts)July 31, 2021
Good summary of NSW COVID-19 support measures for businesses, sole traders and not-for-profit organisations (at 29.7.21) with links to Victorian & South Australian equivalent reliefJuly 31, 2021
NSW Government announces (28.7.21) increased and wider COVID-19 JobSaver benefits for NSW businesses – back dated tooJuly 29, 2021
COVID-19 Disaster Support Payment boosted again – PM and Treasurer’s Media Release (28.7.21) – valuable for NSWJuly 29, 2021
New ‘Residency’ Test for individuals – 2021 Federal Budget proposals based on Board of Tax’s 2019 RecommendationsJuly 24, 2021
Changes to residency rules for ‘individuals’ – Law Council’s 5.7.21 submission to Government (modifications to Board of Tax Recommendations)July 24, 2021
NSW payroll tax – further reductions and deferrals for latest July 2021 COVID-19 lockdown (and other relief summarised)July 22, 2021
R v Gore – Former Qld property developer loses his appeal against his conviction for defrauding SMSF investors by knowingly borrowing money without prospect of repayment (5 years jail, 2 years non-parole)July 22, 2021
Tomkinson v TPB – Tax agent’s registration cancelled for mishandling personal tax affairs, false statement & breaching conditions of his ‘stay’July 22, 2021
SA land tax: – Comr of State Taxation v Takhar & Anor – land that didn’t produce a crop for 22 years, was eligible for the primary production land tax exemption, in the year prior to its first cropJuly 22, 2021
Vic stamp duty – Razzy Australia Pty Ltd & Anor v Comr of State Revenue (Vic) – Commissioner ordered to pay the maximum penalty interest of 10% on refunded duty (not lower market rate)July 22, 2021
Federal Government regulation to make certain Victorian Covid financial support payments exempt from income taxJuly 22, 2021
As South Australia ‘joins the Covid Lockdown party’ – State and Federal Support Benefits announced (like Vic & NSW)July 22, 2021
Superannuation Trustees’ new covenant to develop a strategy for maximising the members’ ‘retirement incomes’ – Treasury releases a ‘Position Paper’ on new lawJuly 19, 2021
Covid-19 Financial support announced in July 2021 for businesses and workers affected by lockdowns in NSW & VictoriaJuly 19, 2021
2018 measures to impose GST on low value imported goods – Board of Tax to review their effectiveness and report by 17 December 2021July 18, 2021
Review of ‘venture capital’ tax concessions – Government releases ‘terms of reference’ on 7 July 2021 for report near end of 2021July 18, 2021
Australia’s ‘Patent Box’ announcement in the May 2021 Federal Budget – Treasury issues ‘Discussion Paper’ on its design and seeks submissions by 16 August 2021July 18, 2021
CofT v Ross – Assets betterment assessment: ATO and taxpayers both win and matter remitted to the AAT (significant appeal issues considered)July 18, 2021
Taxpayers apply for special leave to appeal to the High Court in the Peter Greensill Family Co Pty Ltd and N&M Martin Holdings Pty Ltd casesJuly 18, 2021
Singh v CofT – No input tax credits due to inadequate documentation & ‘reckless’ penalty upheldJuly 17, 2021
Four reasons for ‘donations’ to charities and not-for-profits not being deductible – but one of them accounts for two-thirds of adjustmentsJuly 17, 2021
Consultation on voluntary ‘Transparency Code’ for Australian Charity sector involved in ‘natural disaster’ relief (submissions by 13.8.21)July 17, 2021
ATO’s Tax Practitioner Stewardship Group – 6 July 2021 Meeting – ‘TAX TIME 2021’ review for Tax AgentsJuly 17, 2021
COVID-19 support package for Victorian ‘Lockdown #5’, updates NSW ‘Lockdown #2’ package, which updated the original package for Victoria’s ‘Lockdown #4’July 16, 2021
Munkayilar v CofT – Work-related deductions disallowed but shortfall penalty reduced (because of tax agent error)July 4, 2021
TR 2021/D4 – Royalties: character of receipts in respect of software – for granting right to do something that is the exclusive right of the copyright owner, etc.July 4, 2021
Smith v CofT – Retired couple granted relief from paying most of those debts – despite pay paying out certain debts ahead of the ATOJuly 4, 2021
