Key News Summary – APRA announced its 2019 regulatory focus on superannuation, in the wake ‘banking’ Royal Commission and other developments, which included 8 matters, one of which was a review of the ‘sole purpose’ test, with a view to updating it and making it more specific. [Tax Month – Jan-April 2019]
Key News Summary – Australia and Israel have signed their first ‘Double Tax Agreement’ (DTA) which includes OECD/G20 base erosion and profit shifting (BEPS) recommendations. It will come into effect after being ratified in both countries. [Tax Month – Jan-April 2019]
Key News Summary: Shadow Treasurer announces 6 month deferral of the start date for their proposal to restrict negative gearing and reduce the CGT discount. He also foreshadowed changes to the Managed Investment Trust tax law to professional investors into the ‘build to rent’ sector. [Tax Month – Jan-April 2019] Comprehension (CPD) questions When,…
Key News Summary: The High Court dismissed the taxpayer’s application for ‘special leave to appeal’ in a Victorian duty case: Living and Leisure and the Commissioner has applied for special leave to appeal in the income tax case: Harding. The High Court has dismissed the taxpayer’s application for special leave to appeal from the decision…