The AAT has confirmed that a special dividend paid by BHP was assessable in the taxpayer’s hands. The taxpayer was self-represented and a shareholder in BHP Group Limited. Following the sale of some of its onshore US assets and an off-market share buy-back, BHP decided to pay a special dividend, representing the residual US$5.2 billion net…
The Federal Court has ruled that a lecturer engaged by a company to provide higher education courses was an “employee” for Super Guarantee purposes, and not an independent contractor, as his right to sub-contract the teaching services was limited and required consent. This case considers the ordinary meaning of ’employee’ issues recently decided by the…
Superannuation calculators and retirement estimates may involve personal financial advice. ASIC gives class order relief from Australian financial services (AFS) licensing and personal advice requirements in the Corporations Act 2001 for providers of these tools. The new relief for superannuation calculators and retirement estimates is set out in ASIC (Superannuation Calculators and Retirement Estimates) Instrument 2022/603.…
The ATO and the Integrity Commission issued a joint media release on 5.7.22 saying that two individuals – one a former ATO employee and the other, the person alleged to have paid a bribe, faced Parramatta Local Court on 5 July 2022 in relation to alleged corruption offences as part of Operation Barker (the ‘Integrity Commission’…