The Government has announced the appointment of Neil Olesen as a full-time Second Commissioner of the ATO for a 5-year period from 1 July 2013. The Assistant Treasurer said Mr Olesen has been acting as a Second Commissioner of Taxation since October 2012 and has worked for 30 years in tax and superannuation administration and has held senior positions…
The Tax Laws Amendment (2013 Measures No 2) Commencement Proclamation 2013 was registered on Thur 11.7.2013. It fixes 11 July 2013 as the start date of the commencement of new rules to provide tax incentives for designated infrastructure projects contained in Parts 1 to 3 of Sch 1 to the Tax Laws Amendment (2013 Measures No 2) Act…
The Government on Wed 24.7.2013, released a Treasury scoping paper examining the risks to the sustainability of Australia’s corporate tax base. Assistant Treasurer David Bradbury said the paper “represents an important piece of analysis, framing the challenges to Australia’s corporate tax system both in terms of our own history and in the broader international context”.…
The Coalition has on Fri 19.7.2013, indicated that it does support the Government’s proposed FBT changes concerning company cars and will not implement them if elected. Shadow Treasurer Joe Hockey said the Government’s announced FBT changes “fly in the face” of the Henry Review which recommended in 2009 that: “The current formula for valuing car fringe…
The new Treasurer Chris Bowen has taken primary responsibility for financial services and superannuation (following the resignation of Bill Shorten as the former Minister of Financial Services and Superannuation). The Assistant Treasurer David Bradbury has taken on the role of Minister Assisting for Financial Services and Superannuation (and has been sworn in as a Minister…
M o r g a n’ s T a x M o n t h – July 2013 Developments – This is a collection of developments in Australian tax law and practice that occurred in July 2013 and which aims at being of relevance to tax lawyers.* F John Morgan A member of the Victorian…