In the third reported test case concerning invalidity pension payments received by an ex-serviceman, the AAT has concluded (for the third time) that the payments were a superannuation lump sum and should be taxed concessionally under s 307-145 of the ITAA 1997. This was a decision of Deputy President (Justice) Logan, given on 30 March 2020…
On Tuesday 14 April 2020, the Western Australian Government announced legislation to provide temporary protection for both residential and commercial tenants, during the COVID-19 pandemic. It appears that there is no associated land tax relief. There have been similar announcements in NSW (commercial & residential), Victoria and Queensland. See below for a summary. [Tax Month…
The Queensland Government announced ‘land tax’ relief on 15 April 2020 (updated on 17.4.20) for landlords who have accommodated either residential or commercial tenants affected by the COVID-19 pandemic – on a property by property basis. Conditions for this relief include compliance with ‘leasing principles’ announced on 9 April 2020, which differ for residential and…
On Wednesday, 15 April 2020, the Victorian Premier COVID-19 relief measures for both landlords and tenants – both residential and commercial. The measures are intended to be in line with the Mandatory Code of Conduct – SME Leasing Principles During COVID-19 announced by the Prime Minister on 7 April 2020 and foreshadow enacting the legislation anticipated in this announcement (see…
On 14 April 2020, the ATO published a page notifying interested persons that the amnesty for underpaid Superannuation Guarantee contributions will run out at 11.59pm Monday 7 September 2020 and flexible payment plans can be made for those affected by the COVID-19 pandemic. See below for further detail. [Tax Month – April 2020]