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TPB information sheet on ‘Code of Conduct’ Item 9, requirement to take ‘reasonable care’ in ascertaining a client’s state of affairs’ – 2013 Information sheet updated to include 2 new examples covering the ‘black economy’
January 26, 2020

Global tax chiefs undertake unprecedented multi-country day of action to tackle international tax evasion – ATO post
January 26, 2020

The Government’s 2018 announcement to allow ‘early release’ of superannuation to victims of family and domestic violence? – ‘Victim X’ asks: ‘where the bloody hell is it?’ because she needs it NOW
January 25, 2020

ATO notice to tax agents – AUSkey closes in nine weeks (late March 2020) – ‘myGovID’ to be the default ‘log in’ from 25 January 2020 for tax agents login page
January 22, 2020

NGFZ v CofT – AAT largely upholds ATO audit and asset betterment assessments rejecting, amongst other things, claims that amounts received were loans
January 22, 2020

DCT v MWB Accountants – ATO fails to recover overpaid GST refunds from the tax agent who lodged incorrect returns then didn’t pass on the refunds to its client
January 20, 2020

Whitt v Clough Projects – Super contributions for offshore gas worker, “in accordance” with the SGC law, were limited to ‘maximum contribution base’ earnings (after which there is no SG charge)
January 20, 2020

DGR status proposed for ‘Men’s Sheds’ and ‘Women’s Sheds’ – draft Bill released – Submissions by 14 February 2020
January 20, 2020

Recent Federal and State changes to tax and duty on Property assets – both investors and private use – including the controversial abolition of the ‘main residence’ CGT exemption, for non-residents, with the transitional relief due to expire on 30 June 2020
January 20, 2020

Melbourne Apartment Project Pty Ltd v CofT – Sale of unit by charity was GST-free under s38-250 – ‘supply of accommodation’ not limited to leases etc.
January 18, 2020

CofT v Bosanac (No 5) & DCT v Huang – stays refused on tax debts in two cases – principles for granting stays articulated
January 18, 2020

CofT v Eichmann – Land used for business sheds, materials and vehicles (somehow) not an ‘active asset’ – decision in favour of taxpayer overturned
January 17, 2020

Skourmallas v CofT – GST – motor vehicle dealer allowed claim for input tax credits but warned his victory could be ‘pyrrhic’
January 17, 2020

Miley v CofT – Div 152 ‘market value’ test failed because ‘sale price’ not allocated to the restrictive covenants (they enhanced the value of the shares sold)
January 11, 2020

Diarra V CofT – 25% of ‘shortfall’ penalty assessments for lack of ‘reasonable care’ affirmed
January 11, 2020

Wing v CofT – Company’s Small Business CGT exemption couldn’t save shareholder from Division 7A tax on deemed divided and shortfall penalty affirmed
January 11, 2020

The Trustee for the Whitby Trust v CofT – Section 99A assessments upheld despite beneficiaries being presently entitled
January 11, 2020

Pike v CofT – Zimbabwe emigrant to Australia left family here but left overseas to work – not taxable here under DTA
January 11, 2020

Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019 is now law – including the controversial measures denying ‘main residence’ CGT relief to ‘non-residents’
January 6, 2020

GSTD 2019/D1 – GST and land development expenses in the ACT – what is part of the consideration for the grant of the Crown lease and what is not
January 6, 2020

PCG 2018/9 – update to ATO’s guidance for foreign-incorporated companies seeking to be no-resident: compliance deadline for transitioning CM&C out of Australia has been extended from 2019 to 30.6.21
January 6, 2020

TD 2019/14 – Does ‘trust splitting’ work (viz: trigger CGT-event E1)? – Yes and No – it depends on the facts
January 5, 2020

TR 2019/D7 – new draft ruling on deductions for employees’ transport expenses – overlapping TR 2018/D6 for FBT purposes (Comments due 28 Feb 2020)
January 5, 2020

LCR 2019/5 – 27.5% corporate tax rate only for ‘base rate entities’ depending on ‘base rate passive income’ (s23AA & s23AB of Rates Act)
January 4, 2020

Law Institute of Victoria’s ‘Taxation & Revenue Committees’ very satisfying 2019 activities – Chair’s report
January 4, 2020

PS LA 2019/D2 – Draft Practice Statement on ATO staff applying ‘general anti-abuse rules’ (purpose tests) in Australia’s DTAs and the MLI
January 4, 2020

U.S.-China trade deal “totally done,” will expand U.S. exports – Lighthizer
January 4, 2020

Customs Tariff Amendment (Peru-Australia Free Trade Agreement Implementation) Regulations 2019 – rules for granting preferential tariff rates for goods imported from Peru under FTA
January 4, 2020

2019-20 MYEFO released – significant revenue write-downs, surpluses remain, 2.25% growth in 2019/20, black economy measures, mismatch measures, eligible rollover fund measures and more ‘tax clinic’ funding
January 4, 2020

Legislation announced to progressively close down ‘eligible rollover funds’ by 30.6.21 – hastening the Productivity Commission’s recommendation that this be done in 3 years
January 4, 2020

Treasury Laws Amendment (Measures for Consultation) Bill 2019: hybrid mismatch rules – draft legislation for changes to ‘hybrid mismatch rules’ – Submissions by 24 Jan 2020
January 3, 2020

ATO reminds taxpayers & agents that Partnership (‘Everett’) assignments since 8 May 2018, returned with ‘small business CGT relief’ will need amendment
January 2, 2020

ATO posts its ‘Consultation Report’ on 10 December 2019 – detailed with many links to other ATO posts
January 2, 2020

ASIC disqualifies director for maximum of 5 years for illegal ‘phoenix’ activity involving $30m owing to the ATO – Taskforce and Assetless Administration Fund
January 2, 2020

ABS ‘Personal Income In Australia 2011/12 to 2016/17 – $856bn in personal income in 2016-17 from 13.7m tax returns and other data
January 2, 2020

Foreign Acquisitions and Takeovers Amendment (Australia-Hong Kong Free Trade Agreement) Regulations 2019 – threshold for ‘non-sensitive’ acquisitions increased from $266m to $1,154m under HK FTA
January 2, 2020

Treasury Laws Amendment (Miscellaneous Amendments) Regulations 2019 – relating to ‘reversionary defined benefit pensions, successor fund transfers, deferred superannuation income streams, innovative income streams
January 1, 2020

Treasury Laws Amendment (Miscellaneous Amendments) Regulations 2019 – service of compliance orders overseas and also general service overseas under the Mutual Assistance Treaty
January 1, 2020

GSTR 2006/3 (Addendum) – Determining extent of creditable purpose for providers of financial supplies – including ‘direct estimation methods’
January 1, 2020

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