Vic stamp duty: motor vehicles drive-away-deals [93]

The Victorian State Revenue Office (SRO) has issued Duties Act Bulletin D3/13 (Drive-Away-Deals 2013/14). The Bulletin, which is updated annually by the SRO, provides guidance on the calculation of the dutiable value of “drive-away-deals” for new and used motor vehicles and reflects the increases in registration fees and Victorian Transport Accident Commission (TAC) charges effective…

Vic land tax: Decleah Investments Pty Ltd v Comr of State Revenue – land developer deemed owner of land [87]

The Victorian Civil and Administrative Tribunal has affirmed land tax assessments issued to a taxpayer after concluding the taxpayer was the deemed owner of the subject land at the relevant times. The taxpayer was a land developer and was the registered owner of various parcels of land. The Commissioner had assessed the taxpayer to land…

Commercial law course requirement removed for tax agents who were registered under State Tax Agents’ Boards – TASA amending regs [72]

The Tax Practitioners Board (TPB) has advised that recent changes to the Tax Agent Services Regulations 2009 (TASR) mean that some tax agents will not need to complete a Board approved course in commercial law. However, this change does not affect individuals who became registered as a tax agent for the first time from 1 March 2010.…

*Frugtniet v Tax Practitioners Board – Court dismisses judicial review of AAT’s decision not to stay Board’s decision to terminate agents registration [76]

The Federal Court has upheld the decision of the AAT in AAT Case [2013] AATA 188, Re Frugtniet and Tax Practitioners Board to refuse the tax agent’s request for a stay of the decision of the Tax Practitioners Board to terminate his registration for a period of 5 years. In that case, the Tax Practitioners…

Tax Practitioners Board has released a FAQ (frequently asked questions) sheet regarding re-registration of Tax Agents and BAS agents [75]

The Tax Practitioners Board (TPB) has released FAQs on various issues concerning tax and BAS agents. FAQs concern registration applications, renewing registrations, processing timeframes for applications, professional indemnity insurance requirements, qualification requirements, application fees, online services, updating contact details with the TPB, lodging complaints, and whether the TPB can recommend tax or BAS agents. The…