The Treasury Laws Amendment (2021 Measures No 5) Bill 2021 has been passed by the Senate on Wed 1.12.2021. The Bill was introduced on 24 June 2021 and includes: reforms to the Australian Screen Production Incentive (“ASPI”); and consequential matters arising from the corporate insolvency reforms. It also makes what the EM describes as a “number of…
The Corporations Amendment (Meetings and Documents) Bill 2021 was passed by the House of Reps on 29 November, with an amendment introducing a sunset clause for the virtual meeting measures. The Bill will make permanent some of the company administration related measures that were implemented to accommodate COVID-19 related lockdown restrictions. However, the amendment provides that…
On Tues 30.11.2021, the TPB issued a news article announcing its new continuing professional education (“CPE”) policy which takes effect 1 July 2022 (ie next year). This new policy is the final outcome following submissions from the TPB’s consultation back in February 2021. Key changes include the following. Tax agents should complete a minimum of 120 hours of CPE…