The Full Federal Court has allowed a taxpayer’s appeal and found that the AAT had denied him procedural fairness in finding he was not an employee during his foreign service. The substantive matter in the case essentially concerned whether the taxpayer was engaged in foreign service within the meaning of s 23AG(7) of the ITAA 1936…
On Fri 27.10.2017, the ATO issued an Addendum to Taxation Determination TD 2017/19. This Determination sets out the reasonable travel and overtime meal allowance expense amounts for the 2017-18 income year. The Addendum replaces the reasonable daily amount for employee truck drivers for meals ($55.30) with 3 separate amounts for breakfast ($24.25), lunch ($27.65) and…
Today the High Court, sitting as the Court of Disputed Returns upon references from the Senate and the House of Representatives, unanimously held that each of Mr Scott Ludlam, Ms Larissa Waters, Senator Malcolm Roberts, the Hon Barnaby Joyce MP and Senator the Hon Fiona Nash was “a subject or a citizen … of a foreign power” at the time…
Vacant Residential Land Tax – Do you need to notify the State Revenue Office? October 25, 2017 – by Pointon Partners Taxation The lack of housing supply in inner and middle Melbourne has become a major issue for residents and the State Government. In response, the Victorian State Government has sought to free up further housing by…
The ATO said that commentary on 25 October 2017 had misrepresented the ATO’s evidence given at Senate Estimates in relation to the Multinational Anti-Avoidance Legislation (MAAL). It said: we wish to confirm the ATO is active in ensuring compliance by multinationals and the corporate tax sector, and the MAAL is effective in bringing multinational taxpayers…
The Federal Court has allowed a taxpayer’s application for judicial review in relation to an AAT decision to refuse his application, pursuant to s37(2) of the Administrative Appeals Tribunal Act 1975 (AAT Act), that required the Commissioner to lodge certain documents. The substantive matter related to default assessments issued to the taxpayer for the 2001…
The Productivity Commission released its report Shifting the Dial: 5 year productivity review, on Tue 24.10.2017. It looks at the factors and influences that may affect Australia’s economic performance over the medium term, in order to offer advice on where the country’s priorities should lie if it is to enhance national welfare. This process will be repeated every…
Under the guise of “protecting honest businesses” the ATO has again set out what it is doing catch those operating dishonestly in cash and in the hidden economy (getting an ‘unfair’ advantage over the ‘honest’ business owner). The ATO says it will focus on businesses that, among other things: operate and advertise as “cash only”; ATO…
The Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No 2) Bill 2017 has passed the House of Reps without amendment. It proposes the following amendments to the Superannuation Guarantee (Administration) Act 1992 (SGAA): salary sacrifice integrity – employers will be prevented from using an employee’s salary sacrifice contributions to reduce the…
In December 2016, the Black Economy Taskforce was established to develop a whole-of government policy framework involving new proposals to tackle black economy activity. In the 2017-18 Budget, the Government responded to the Black Economy Taskforce’s Interim Report by announcing the following measures to address the growing economic and social problem of the black economy:…
