On 14 May 2020, the Treasury Laws Amendment (2020 Measures No 1) Bill 2020 passed both Houses of Parliament – having been introduced on 12 October 2020, and stalled in the Lower House on 4 March 2020. It broadens the definition of significant global entity (SGE) in the ITAA 1997 so that it applies to…
The Fair Work Commission (FWC) has noted the outcome of the following recent JobKeeper dispute decisions dealt with under Pt 6-4C of the Fair Work Act 2009, which enables employers to issue “JobKeeper enabling directions” to employees about their hours of work, performance of duties and location of work. See below for a summary. [Tax Month…
On Thursday 14 May 2020, The Tax Institute’s Chief Executive Officer: Giles Hurst, wrote an ‘open letter’ to Institute members advising they’d hired the widely known, and respected, Andrew Mills, as ‘Director, Tax Policy and Technical – just after he finished his term as a Second Commissioner, at the ATO, in charge of its ‘law…
On Friday 8 May 2020, the Tax Institute’s Senior Chief Tax Counsel: Bob Deutsch published an article in their weekly tax newsletter TaxVine (No. 17, 8.5.20), entitled: JOBKEEPER: The Basic Turnover Test is not so basic! It examines this test in the light of the recent Law Companion Ruling, which the Commissioner issued, about the JobKeeper…
T a x T e c h n i c a l – M o n t h l y N e w s – May 2020 Edition – Tax developments for tax practitioners by a tax practitioner. Compiled by F John Morgan A member of the Victorian Bar (www.FJMtax.com) Table of Contents ______________________________________________________________________________ …