T a x T e c h n i c a l – M o n t h l y N e w s – June 2021 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 ______________________________________________________________________________ …
On 3 June 2021, the AFR’s Michael Read posted an article, titled: Super reforms pass lower house after government dumps ‘veto power’. It reported that the Federal Government’s signature superannuation reform package, passed the lower house on Thursday evening (3.6.21), after a controversial power allowing the Treasurer to veto super fund investments was dumped due to objections…
The Treasury Laws Amendment (Your Future, Your Super) Bill 2021 was passed by the House of Reps on 3 June 2021 with one Government amendment, which was significant. It was to remove one of the most contentious elements – and amendment that would give the Treasurer the power to prohibit certain types of payments by, or investments…
The Australian Federal Government has announced a temporary COVID Disaster Payment to assist workers who reside or work in a “Commonwealth declared hotspot”, who are unable to attend work and earn an income as a result of state imposed health restrictions that last for greater than one week. See below for details. [Tax Month –…