Former Tax Commissioner appointed to Clean Energy Regulator [102]

The Minister for Climate Change and Energy Efficiency, Greg Combet, Tue 26.3.2013, announced the appointment of former Tax Commissioner Michael D’Ascenzo AO to the Clean Energy Regulator from 2 April 2013. The Minister said Mr D’Ascenzo is recognised internationally for his leadership and expertise in tax administration and governance as well as his technical and design skills…

New Victorian Treasurer announced: Mr Michael O’Brien (who signed the roll of the Victorian Bar on 29 April 2004 before entering State politics) [92]

New Victorian Premier Denis Napthine has announced his new cabinet line-up after taking over from Ted Baillieu last week. Michael O’Brien has been announced as Victoria’s new Treasurer, replacing Kim Wells who takes over the Police portfolio.

Source: Victorian Premier’s media release, 13 March 2013

[LTN 49, 13/3/13]

Qld payroll tax: contractors, workers on-hired to government – Public Rulings released [91]

The Qld Office of State Revenue (OSR) has issued the following new harmonised Public Rulings:

PTA021 – Exemption for contractors ordinarily rendering services to the public;

PTA022 – Contractors – services not ordinarily required; and

PTA028 – Employment agency contracts — workers on-hired to government.

The Rulings have effect from 1 July 2008.

[LTN 41, 1/3/13]

Fortescue Metals Group Limited & Ors – High Court transcript of 3 day hearing in constitutional challenge to the Minerals Rent Resource Tax released [78]

The High Court has released transcripts of the appeal by Fortescue Metals Group Limited & Ors as to the constitutional validity of the Minerals Resource Rent Tax. The transcripts for each of the three days of the hearing are HCATrans 41 (6 March 2013), [2013] HCATrans 42 (7 March 2013) and [2013] HCATrans 43 (8 March 2013).

[LTN 54, 20/3/13]

Government to introduce a ‘Freedom to Advocate’ Bill for the Not-for-Profit sector [80]

The Minister for Finance Senator Penny Wong Mon 4.3.2013, announced that the Federal Government would introduce a Not-for-Profit Sector Freedom to Advocate Bill during the next sitting of Parliament. The Bill would ban gag clauses from all Commonwealth contracts. The Minister said it will safeguard the right of the not-for-profit sector to advocate in the…

*Australian Charities and Not-for-profits Commission regulations made for information on the Register and Governance Standards [81]

The Australian Charities and Not-for-profits Commission Regulation 2013 was registered on the Federal Register of Legislative Instruments on Tue 5.3.2013. It specifies certain information that the ACNC Commissioner must include on the ACNC Register. The Register is maintained electronically by the ACNC Commissioner and includes specified information about each registered, and each formerly registered, entity.…

*ACNC financial reporting framework draft regs to be finalised soon [82]

The Assistant Treasurer on Mon 11.3.2013, advised that the Government is in the process of finalising the ACNC financial reporting framework and that “these regulations will be made available soon”. In December 2012, the Government issued for consultation draft regs on a new financial reporting framework for charities registered with the Australian Charities and Not-for-profits Commission (ACNC).…

Better targeting of NFP tax concessions: ATO will accept returns until 2014 but NFP’s will need to review back to 2011/12 with no Shortfall Penalty or SIC [83]

The ATO on Tue 19.3.2013, released details of its administrative treatment regarding the proposed changes to reform tax concessions provided to not-for-profit organisations. The changes seek to ensure that concessions are targeted only at activities directly furthering an organisation’s purpose. The changes have a general proposed start date of 1 July 2014, and transitional arrangements will apply…