*Social Services and Other Legislation Amendment Bill 2013 amended: charities amendments deleted so 1 January 2014 start date remains [84]

The Social Services and Other Legislation Amendment Bill 2013 was passed by the Senate on Wed 5.3.2014, with Govt and Opposition amendments and now must go back to the House of Reps for consideration of those amendments. The amendments concern, among other things, the commencement of measures in the Bill regarding FTB and eligibility rules,…

*Australian Charities and Not-for-Profits Commission Repeal Bill 2014 introduced [82]

The Australian Charities and Not-for-profits Commission (Repeal) (No 1) Bill 2014 was introduced in the House of Reps on Wed 19.3.2014. It proposes to repeal the Australian Charities and Not-for-profits Commission Act 2012, thereby abolishing the Commission. The Government said that, given the regulators in place before the Commission was established can provide similar regulatory…

Mining tax: nil rate determination and lodgment exemption – Legislative Instrument [80]

The ATO on Mon 3.3.2014, registered Taxation Administration Act 1953 – Nil rate determination and exemption from lodging Minerals Resource Rent Tax (MRRT) Instalment Liability Notices – Instrument (No 1) 2014. The Instrument determines a nil instalment rate for explorers, pre-production taxpayers and simplified MRRT method taxpayers under s 115-45(3) of Sch 1 to the TAA and…

*Register of electronic messaging services, whom SMSFs can use to receive electronic messages and payment by 1 July 2014 – Tax Office website update [75]

From the ATO website:

  • Register of SMSF messaging providers – The ATO notes that from 1 July 2014, self-managed superannuation fund (SMSF) trustees are required to receive electronic messages and payment associated with employer contributions using the SuperStream data and payment standard. [The Register] contains a list of SMSF messaging service providers.

[LTN 59, 27/3/14]