Daily Archives: January 20, 2020

DCT v MWB Accountants – ATO fails to recover allegedly overpaid GST refunds from the tax agent [but note the Agent’s account of the events … ]

On 20 September 2019, the County Court of Victoria (Marks J) held that the Deputy Commissioner of Taxation was not entitled to be repaid overpaid GST refunds from a tax agent, who didn’t pass them on to its client. See below for a summary of the case. [Tax Month – January 2020]     [WARNING –…

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)

On 20 December 2019, the Federal Circuit Court ruled that an offshore gas worker was only entitled to superannuation contributions under an industrial agreement up to the “maximum contribution base” in accordance with the Superannuation Guarantee (Administration)Act 1992 (SGAA). See below for a summary of the case. [Tax Month – January 2020]

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

On Monday 20 Jan 2020, Treasury released an exposure draft of legislation to establish a Deductible Gift Recipient (DGR)  general category for ‘men’s sheds’ and ‘women’s sheds’ as announced in the 2019 Federal Budget. See below for more detail about this draft material. [Tax Month – January 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

On Friday17 Jan 2020, The Tax Institute sent the first of it’s weekly ‘TaxVine’ email updates, and their Senior Tax Counsel: Bob Deutsch’s Report focussed on property investors and a number of specific changes that will impact on certain property investors and could require action if the worst aspects are to be avoided. See below for further…