The Private Health Insurance Legislation Amendment (Base Premium) Bill 2013 was passed by the House of Reps on Tues 4.6.2013, without amendment and now moves to the Senate. The Bill proposes to implement the Government’s 2012-13 MYEFO announcement that from 1 April 2014, the premium to which the Private Health Insurance Rebate is applied will move in…
The Senate on Fri 28.6.2013, passed the following Bills without amendment and they effectively await Royal Assent: Tax Laws Amendment (2013 Measures No 1) Bill 2013 – contains amendments concerning: CGT scrip-for-scrip rollover; tax exemption for ex-gratia payments for natural disasters; new DGR category. The Bill had passed the House of Reps without amendment. Tax…
The Tax Laws Amendment (2013 Measures No 2) Bill 2013 was on Thursday 6.6.2013, passed by the House of Reps with amendments. The main amendment was to remove from the Bill the provisions that proposed to create a new regulatory regime within the Tax Agent Services Act 2009 (TASA) for entities (individuals, partnerships and companies)…
M o r g a n’ s T a x M o n t h – June 2013 Developments – This is a collection of developments in Australian tax law and practice that occurred in June 2013 and which aims at being of relevance to tax lawyers.* F John Morgan A member of the Victorian…