On 9 April 2020, the ATO posted a page addressing the framework for early withdrawal of superannuations – $10k by 30 June 2020 and another $10k before by 24 September 2020 (or one of these – as desired). The ATO is also weekly advising how many people have registered their interest in making such withdrawals.…
On 3 April 2020, the OECD Secretariat issued guidance on various ‘cross-border’ tax issues affected by the unprecedented COVID-19 pandemic. See below for further detail. [Tax Month – April 2020]
On Monday 13 April 2020, the NSW Government announced a package to assist residential tenants (with no assistance to the landlords – unless the announcement about land tax relief, for landlords of SME commercial tenants, affected by COVID-19, also applied to landlords of residential leases, which it might – see related TT article). There have…
On Monday 13 April 2020, the NSW Treasurer issued a Media Release about facilitating COVID-19 affected SME commercial tenants to negotiate rent relief, in line with the Prime Minister’s 7 April 2020 announcement of a mandatory Code of Conduct (see related TT Article) with associated land tax relief, to the landlord, if it is passed…
On Tuesday 14.4.20, ASIC made and registered the ASIC Corporations (COVID-19 – Advice-related Relief) Instrument 2020/355, providing tax agents temporary AFS licensing exemption to provide financial product advice, to their existing clients, about the early release of superannuation under the Coronavirus condition of release (see related TT article). See below for further detail. [Tax Month – April 2020]