The Taxation Legislation Amendment Bill 2014 (WA) has passed the WA Legislative Assembly without amendment and has moved to the Legislative Council. It proposes to amend the Duties Act 2008 (WA), Land Tax Assessment Act 2002 (WA), Pay-roll Tax Assessment Act 2002 (WA), and Taxation Administration Act 2003 (WA), to improve the efficacy of existing…
The Budget Measures Bill 2014 (SA) has passed the SA House of Assembly without amendment and has moved to the Legislative Council. The Bill proposes to implement the SA Budget 2014 measures including the introduction of an $8,500 Seniors Housing Grant (SHG) for new homes where contracts are entered into between 1 July 2014 and 30 June 2016 inclusive.…
The State Revenue Legislation Further Amendment Bill 2014 (NSW) has passed the NSW Legislative Assembly without amendment and has moved to the Legislative Council. It contains: amendments to the Payroll Tax Act 2007 (NSW) to clarify and restrict certain exceptions from the contractor provisions under that Act; amendments to the Payroll Tax Rebate Scheme (Jobs…
The Tasmanian Budget 2014-15 was handed down Thur 28.8.2014. As part of the Tasmanian Government’s Job Creation Package, the Budget contains the fourth Employee Incentive Scheme Payroll Tax Rebate (EISPR4). This measure provides a payroll tax rebate of up to 2 years for private sector employers who create additional, eligible positions in Tasmania from 30 June 2014 to…
The Tax Practitioners Board (TPB) has finalised TPB Information Sheet TPB(I) 21/2014 Code of Professional Conduct – Confidentiality of client information. The information sheet provides guidance on confidentiality of client information, which is one of the obligations for registered agents under item 6 of the Code of Professional Conduct in the Tax Agent Services Act…
The following ACT Bills has passed the ACT Legislative Assembly and await notification: Payroll Tax Amendment Bill 2014 – passed with an amendment, the Bill amends the Payroll Tax Act 2011 (ACT) to remove the exemption provided to employment agents on wages paid to subcontractors simply due to being a “genuine employer”. By removing the…
Professional associations may be accredited by Tax Practitioners Board (TPB) as a recognised tax agent, BAS agent or tax (financial) adviser association if they meet certain requirements in the Tax Agent Services Regulations 2009 (TASR). The Board has released a list of tax and BAS agent associations accredited by the Board on its website. The TPB has also released…
The Tax Practitioners Board (TPB) has released the following proposed guidelines as exposure drafts for comment: TPB(PG) D04/2014 Course in Australian taxation law that is approved by the Board for tax (financial) advisers; and TPB(PG) D05/2014 Course in commercial law that is approved by the Board for tax (financial) advisers. The exposure drafts aim to…
From 1 September 2014, the ATO will be contacting some businesses, or their registered contacts, about the need to lodge and pay electronically to avoid penalties. The ATO has reminded businesses with a GST turnover of $20m or more that they are required to lodge their BASs electronically and to pay their tax debts electronically. Where businesses…
The Australian Charities and Not-for-Profits Commission (ACNC) has revoked the charity status of 246 Australian charities it has not been able to locate. “The ACNC has been unable to locate or contact these charities despite an exhaustive search. Accordingly, the ACNC has revoked the registration of these charities on the basis that they are no…