Chief Comr of State Revenue v Sayden Pty Ltd ATF Griffin Property Unit Trust (RD) – NSW land tax: criteria for fixed trust not satisfied – Commissioner wins appeal [St6]

The Appeal Panel of the NSW Administrative Decisions Tribunal has held that a trust deed amendment which “mirrored” the relevant statutory language contained in s 3A(3B) of the Land Tax Management Act 1956 (NSW) did not have the effect of converting a special trust to a fixed trust. The matter concerned a property unit trust…

Qld bill introduced to – Increase the payroll tax threshold; and Reinstate transfer duty home concession [St4]

The Treasury (Cost of Living) and Other Legislation Amendment Bill 2012 (Qld) was introduced into the Qld Legislative Assembly on 17 May 2012. The Bill proposes to implement a number of the Qld Government’s election commitments. It proposes to amend the Payroll Tax Act 1971 (Qd) to increase the payroll tax exemption threshold from $1m…

NT: Budget Bill introduced [St3]

The Revenue Legislation Amendment Bill 2012 (NT) was introduced into the NT Legislative Assembly on Wed 2.5.2012. The Bill proposes amendments to the Payroll Tax Act to implement the Territory’s 2012-13 Budget announcement to clarify a provision of the Act in relation to parental leave and part-time employees. The Bill also proposes amendments to the…

Kolya v Tax Practitioners Board – Federal Court refuses stay of decision to reject tax agent registration [TPB2]

The Federal Court has refused an applicant’s Interlocutory Application that sought a suspension or stay of an AAT decision which affirmed a Tax Practitioners Board decision to reject his application for transitional registration as a tax agent and to terminate his registration as a BAS Agent, or, in the alternative, an interlocutory injunction preventing that…

*Tax agents regime – regulations registered to extend deferral in applicaton to financial planners – until 30 June 2013 [TPB3]

The Tax Agent Services Amendment Regulation 2012 (No 1) was registered on the Federal Register of Legislative Instruments on Wed 30.5.2012. It amends the Tax Agent Services Regulation 2009 to extend the deferral of the application of the tax agent services regime to holders of Australian Financial Services Licenses until 30 June 2013. The current…