*Tax Laws Amendment (2013 Measures No 3) Bill 2013 – Financial planners get 12-month extension to comply with TASA: Bill introduced and passed [2]

The Tax Laws Amendment (2013 Measures No 3) Bill 2013 was introduced in the House of Reps on Thur 20.6.2013 and has already been passed without amendment so it can be introduced in the Senate. It proposes to amend the Tax Agent Services Act 2009 to bring entities that give tax advice in the course…

Effective lives of Depreciating Assets determined by the Commissioner – new determination registered [9]

The Income Tax (Effective Life of Depreciating Assets) Amendment Determination 2013 (No 1) was registered on the Federal Register of Legislative Instruments on Fri 7.6.2013. It commences on 1 July 2013 and amends the Income Tax (Effective Life of Depreciating Assets) Determination 2001 to provide taxpayers in specific industries and for specific assets with effective lives as…