Vic: State Taxation and Financial Legislation Amendment Bill 2013 introduced to facilitate duty on electronic conveyances etc [69]

The State Taxation and Financial Legislation Amendment Bill 2013 (Vic) was introduced into the Victorian Legislative Assembly on 15 October 2013. It amends the Duties Act 2000 (Vic) to make provision for dutiable transactions effected electronically by means of an Electronic Lodgment Network, an online facility for the electronic conveyance of land that is scheduled for release…

Tax Inspector-General’s 2012-13 Annual Report released – ATO treating IGT as independent consultant; IGT raising isolated incidents with ATO [65]

The Inspector-General of Taxation Annual Report 2012-13 has been released. The Inspector-General Ali Noroozi said there has been a gradual shift in the ATO’s perceptions of the IGT and increasingly, the ATO is appreciating that, in addition to being a scrutineer, the IGT’s office “can also play a role as an independent consultant”. Mr Noroozi…

Certified Practicing Accountants Australia (CPA) releases new guide for charities’ accounts [63]

CPA Australia on Tue 15.10.2013, released a guide focussed on helping Australian charities meet new financial reporting obligations. CPA Australia chief executive Alex Malley FCPA said the new guide, Charities – A guide to financial reporting and assurance requirements, provides charities with a detailed explanation of the new requirements established following commencement of the Australian…