Daily Archives: October 23, 2016

Qld stamp duty: ‘additional (3%) foreign acquirer duty’ applies to AFAD residential land from 1 October 2016

Australian Foreign Acquirer Duty Under Chapter 4 of the Duties Act 2001 (Qld), additional foreign acquirer duty (AFAD) is an extra 3% duty on top of the duty that applies to transactions that are liable for (1) transfer duty, (2) landholder duty or (3) corporate trustee duty. AFAD applies when all the following conditions are met:…

Re Kishore v Tax Practitioners Board – registration terminated for not acting with ‘honesty and integrity’ in separation from former employer (requirement not limited to ‘provision of tax agent services’ only)

An applicant has been unsuccessful before the AAT in a matter concerning the Tax Practitioners Board’s decision to terminate his tax agent registration. The applicant became a registered tax agent on 7 March 2011 while working for his then employer (a firm which provided accounting and tax agent services). In July 2012, the applicant and 2 of his colleagues…

Death of a tax agent or BAS agent – next of kin please advise TPB for notice of the precise date when registration will cease (about 60 days after TPB notice)

Following the death of an individual registered tax or BAS agent, it is important that a next of kin or other representative notify us. What we will do – Following notification of the death of an individual registered tax or BAS agent, we will: provide you with a written notice confirming that the agent’s registration…