Parliamentary Committee to expand inquiry into financial services sector and Royal Commission implementation

Tax Month - August 2019

On 2 August 2019, the Federal Treasurer: Josh Frydenberg, announced that the Government asked the House of Representatives Standing Committee on Economics to inquire into progress made by relevant financial institutions in implementing the recommendations of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. See below for further detail. FJM 6.8.19…

DCT v Lim – Director Penalty Notices (DPNs) for Company Superannuation Guarantee (SGC) shortfall validly served on company director – summary judgement given

Tax Month - July 2019

On 26 July 2019, the District Court of Western Australia gave summary judgement in favour of the Deputy Commissioner of Taxation, in an action to collect amounts from an unrepresented person under the Directors Penalty Notice (DPN) proceedings. See below for details. FJM 6.8.19 [Tax Month – August 2019]