ASIC extends COVID-19 relief for financial advice – 20 days ‘Record of Advice’ extension now until 15 April 2022October 17, 2021
TD 2021/D5- ESS: meaning of “genuine disposal conditions” and deferred taxing point rulesOctober 17, 2021
Steer v AMP – Super trustee breached duty to deceased member in cancelling life insurance under ‘opt-in’ requirements – emailed notice never receivedOctober 17, 2021
TDs 2021/D2-D4 – Aggregation rules: partnerships, foreign hybrids, non-entity JVs, CLPs, interposed public entitiesOctober 17, 2021
TD 2021/7 – Aggregated turnover test: connected entities with differing year ends – two part years have to be recalculated (silly?)October 17, 2021
COVID-19 Disaster Payment phase-out: NSW and ACT at 70% and 80% fully vaccinated milestonesOctober 17, 2021
Wood v CofT – Taxpayer loses ‘serious hardship’ appeal – $91,000 for renting a large house, $110,724 in private school feesOctober 17, 2021
IGTO report: The effectiveness of the ATO’s communication of taxpayers’ rights to complain and appeal etc.October 17, 2021
Pandora Papers released; ATO to investigate for Australian links – but they don’t rely on leaks and not everything is illegalOctober 5, 2021
Deadline for Director Identification Number applications extended – to 30 November 2022 and 12 months later under a different Corporations ActOctober 5, 2021
Section 100A ruling – soft launch at TTI ‘Trust Intensive’ – ‘hard copy’ about Christmas time or end of lockdownsOctober 5, 2021
Banking leak opens Pandora’s box of offshore accounts – Czech Minister, former UK Prime Minister, Jordan’s King & 400 AustraliansOctober 4, 2021
What are the Pandora Papers? The biggest leak in history explained (bigger than ‘Panama’ and ‘Paradise’ leaks)October 4, 2021
PS LA 2021/D2 – electronic sales suppression tools – Administrative penalties for offencesOctober 3, 2021
Super “work test” – APRA FAQs – post ‘JobKeeper’ Covid relief recipient sare NOT automatically ‘gainfully employed’October 3, 2021
Court finds super trustee mislead members about MySuper – Colonial First State ‘FirstChoice Fund’October 3, 2021
Taxpayers: Joubert & Doyle – discontinue appeals to Federal Court – Singapore worker resident; profit on development land was incomeOctober 3, 2021
MJ and IT Holdings Pty Ltd v CofT – Scheme to increase amount of cash flow boost stymies taxpayerOctober 3, 2021
