*ATS Pacific Travel case – Supplies to non-resident travel agents mostly taxable – Interim Decision Impact Statement until appeal result known [66]

The ATO on Mon 1.7.2013, released an Interim Decision Impact Statement on the Federal Court’s decision in ATS Pacific Pty Ltd v FCT [2013] FCA 341. In that case, the Federal Court held that supplies provided by a taxpayer, an Australian travel agent, to non-resident travel agents was subject to GST as it did not…

*Re AJJJ’s Emporium Pty Ltd and FCT – Incorrect input tax credit claim; 50% administrative penalty affirmed [61]

In a decision handed down on Tue 16.7.2013, the AAT affirmed the Commissioner’s decision to impose on a taxpayer an administrative penalty at the rate of 50% for “recklessness”. The taxpayer was an importer of construction goods. On 16 July 2012, it lodged a BAS claiming input tax credits (ITC) for the GST payable in relation to…

*Financial planners’ tax advice to be regulated under TASA from 1.7.14 – Tax Practitioners Board consulting in the interim [74]

The Tax Laws Amendment (2013 Measures No 3) Act 2013 has amended the Tax Agent Services Act 2009 (TASA) so that, from 1 July 2014, financial advisers who provide tax (financial) advice can register with the Tax Practitioners Board (TPB). Ian Taylor, Chair of the TPB, said the Board has been consulting with industry and stakeholders on…

*Government launches the national online ‘Australian Charities and Not-for-profits Commission Register’ with details of over 57,000 charities [69]

The Government on Thur 11.7.2013, launched an online register – the new Australian Charities and Not-for-profits Commission (ACNC) Register – which will enable the public to access information about more than 57,500 registered charities. The Government said the information available on the Register will be enhanced over time, as charities begin to provide annual information…

Government announces no major changes to super for 5-years; releases a draft Super Charter: fewer changes better outcomes and a Council to oversee it [64]

The Government on Wed 31.7.2013, announced that, if elected, it would enshrine in legislation that it would make “no major changes to superannuation tax policy for 5-year periods” to promote confidence in the superannuation system. The Government said the “5-year freeze, which commenced immediately [ie Wed 31.7.2013], meant Australians could feel confident that under a…

*Re Rod Mathiesen Truck Hire Pty Ltd as trustee for the Mathiesen Family Trust – GST: consideration re property sale received at settlement [60]

In a decision handed down on Mon 15.7.2013, the AAT has held that, for the purposes of the GST Act, all of the consideration in relation to the sale of a property was received by the taxpayer at the time of settlement on 16 May 2008. The case concerned the liability of the taxpayer Trust for GST…