On 7 April 2020, the National Cabinet agreed that all Australian states and territories would implement a Mandatory Code of Conduct via legislation or regulation as appropriate for the purpose of regulating the reduction of rent for commercial tenants. See below for details. [Tax Month – April 2020]
T a x T e c h n i c a l – M o n t h l y N e w s – April 2020 Edition – Tax developments for tax practitioners by a tax practitioner. Compiled by F John Morgan A member of the Victorian Bar (www.FJMtax.com) Table of Contents ______________________________________________________________________________ …
It is easy to overlook the fact that the States and Territories have been releasing their ‘stimulus’ packages, including tax relief (primarily ‘payroll tax’ and ‘land tax’) with some relief from fees and charges, together with some ‘other’ measures. I’ve collected the initiatives of each State and Territory under headings for Payroll Tax, Land Tax…
In another test case involving invalidity payments to former ADF members, the AAT has decided that invalidity payments under the Military Superannuation and Benefits Act 1991 (Military Super Act) should be concessionally taxed as a superannuation lump sum. See below for further details. [Tax Month – March 2020]
The Commissioner is seeking special leave to appeal to the High Court against the decision of the Full Federal Court in CofT v Travelex Limited [2020] FCAFC 10, which related to the amount of interest the Commissioner had to pay, from a successful GST test case, which went all the way to the High Court…
On Tuesday 31.3.2020, in the Tax Institute’s weekly tax bulletin: TaxVine (No. 12 – Supplementary Edition), their Senior Tax Counsel’s Report, Bob Deutsch wrote and article entitled: Employer’s Cash Flow Boosts: A Beginner’s Guide. This gives worked examples, to demonstrate how the system works (and how overly difficult ‘Employer cash boost’ is). This measure was part of…
On Friday 27 March 2020, in the Tax Institute’s weekly tax bulletin: TaxVine (No. 11), their Senior Tax Counsel’s Report, Bob Deutsch wrote and article entitled: CORONAVIRUS: Understanding the Employer’s benefit measures and doing the right thing! referring to the ‘cash boost’ for employers recently announced Tranche 1 COVID-19 stimulus/rescue package announced on 12 March 2020…
On 30 March 2020, our Prime Minister: Scott Morrison announced some a very sensible relaxation of the ‘partner income test’, for those on, or applying for the ‘JobSeeker’ Centrelink payments (the ‘Dole’). See below for further detail. [Tax Month – March 2020]
On 3 April 2020, the Tax Institute’s weekly tax bulletin: TaxVine (No. 12), their Senior Tax Counsel’s Report, Bob Deutsch wrote and article entitled: EVEN MORE GOVERNMENT ASSISTANCE: The Good the Bad and the Ugly referring to the recently announced ‘JobKeeper’ $130b Tranche 3 COVID-19 stimulus/rescue package (see related TT article). See below for further…
On 30 March 2020 the Federal Government continued its tsunami of economic stimulus with the release of a $130b ‘JobKeeper Payment’ initiative. It is aimed at helping employers to retain their workforce, while navigating their way through the commercial disruption of COVID-19. Commencing 30 March 2020, the government will underwrite/reimburse businesses $1,500 each fortnight per…