On 18 June 2020, the ATO posted the following article advising that they make it as simple as possible, for eligible people in our community, to access their super early to deal with the adverse economic impact of COVID-19. Compliance remains one of our priorities to ensure the integrity of the tax and super system. We…
On Friday 19 June 2020, the ATO posted this guide on the application of the Treasury Laws Amendment (2019 Measures No 3) Bill 2019, which recently passed into law and provides a new way of calculating the debit, which arises in an individual’s transfer balance account when a member commutes a market linked pension which is…
On Thursday 18/6/2020, the Senate Economics Legislation Committee reported to the Chamber about its order on 18 September 2019 for the Commissioner of Taxation to provide the Committee with all documents relating to the whistleblower disclosure by former ATO employee, Mr Richard Boyle.
See below for further detail.
The Treasury Laws Amendment (2020 Measures No 3) Bill 2020 has passed all stages without amendment and now awaits Royal Assent, having been passed by the Senate on 18 June 2020. These amendments extend the instant asset write-off to 31 December 2020.
See below for further details.