Daily Archives: April 27, 2017

SGD 2017/1 ATO rules that SGC is payable on ‘advances’ paid to former employees of a company in liquidation, under the Fair Entitlements Guarantee Act but it is only the employer (not the liquidator) who is liable

On Wed 19.4.2017, the ATO issued Superannuation Guarantee Determination SGD 2017/1 asking: Is an advance paid under s28 of the Fair Entitlements Guarantee Act 2012 to a former employee ‘salary or wages’ paid by the employer to the employee for the purposes of working out a superannuation guarantee charge liability under the Superannuation Guarantee (Administration) Act…

Sandini Pty Ltd v FCT – Commissioner appeals from decision holding that a CGT rollover, on break-down in marriage, doesn’t have to be to the former spouse (though there’s a separate rollover from a related entity to a spouse)

The Commissioner has appealed to the Full Federal Court against the decision in Sandini Pty Ltd v FCT [2017] FCA 287. In that decision, the Federal Court had ruled that the CGT marriage breakdown roll-over relief applied where shares were transferred by a former spouse to his former wife’s discretionary trust, rather than to the former wife herself (as…