This Commissioner’s Practice Note will assist employers in determining their liability for payroll tax on superannuation contributions and the Commonwealth superannuation guarantee charge (SGC”). It explains the Chief Commissioner’s application of relevant provisions of the Payroll Tax Act 2007 (“The Act”) including Division 3 of Part 3 (“Superannuation contributions”), and superannuation benefits paid or payable in…
On 27 Sept 2021, APRA has published a set of additional FAQs on the reporting standards for Phase 1 of the Superannuation Data Transformation project. This update includes the staged implementation approach, including an extension to the timeframe for the initial submission of data due by 30 September 2021 to due by 28 October 2021. [LTN 187, 28.9.21] The questions are designed…
On 28.9.21, the Australian Federal Police, ATO and ASIC issued a joint media release, reporting that a man, from Sydney’s inner west, will appear before Downing Centre Local Court, to face charges in relation to a $20m fraud and money laundering operation. The case is part of Operation Bordelon, a Serious Financial Crime Taskforce joint…