“Financial adviser” / “financial planner” legislative changes to be introduced before 1 July – Accountants’ limited licence and tightening eligibility [91]

The Parliamentary Secretary to the Treasurer, Bernie Ripoll, has advised that the Government intends to introduce legislation into Parliament before 1 July this year concerning the definition of financial planner. On 28 November 2012, the Minister for Financial Services released draft regulations that would replace the accountants’ exemption with a new form of limited licence. This would enable accountants…

MRRT legislative determination: nil rate and exemption from lodging [76]

The ATO has released Legislative Determination MRRT 2013/1 (Nil rate determination and exemption from lodging Minerals Resource Rent Tax (MRRT) instalment Liability Notices – Instrument (No 1) 2013). The ATO says the purpose of the instrument is to determine a nil instalment rate for explorers, pre production taxpayers and simplified MRRT method taxpayers under s 115-45(3)…

ACNC Advisory Board appointments [78]

The Government on Tue 19.2.2012, announced appointments to the Australian Charities and Not-for-profits Commission (ACNC) Advisory Board. The Assistant Treasurer said Mr Robert Fitzgerald AM would be Part-time Chair, with Ms Fiona McLeay as Part-time Deputy Chair. Other members appointed to the Board include: Ms Gina Anderson; Mr Paul O’Callaghan; Professor Myles McGregor-Lowndes OAM; Ms…