eBay data-matching “successful” in targeting social security fraud (so watch out taxpayers…) [99]

The Government has advised that a pilot program which matched Centrelink records against eBay users would become a permanent part of its compliance system from May this year. The Government reported that the program identified some people were claiming social security payments while running what it considered to be a successful online business. It said the program…

Use of the terms “financial planner” and “financial adviser”: Bill introduced [100]

The Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013 was introduced into the House Reps this on Wed 20.3.2013, to give effect to the Government’s proposal to restrict the use of the terms “financial planner” and “financial adviser” to support the FoFA reforms. The Bill proposes to amend the Corporations Act 2001 to…

UK Budget 2013 – company tax rate reduced to 20% and Individuals’ jump in tax free threshold one year earlier in 2014/15 [101]

The UK Chancellor of the Exchequer, George Osborne, delivered the 2013-14 Budget on 20 March 2013. Key points include: reducing the main rate of corporation tax to 20%. making the first £10,000 of people’s income free from income tax a year ahead of schedule – the personal allowance will be increased by £560 to £10,000 in 2014-15;…

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…