The Freedom of Information Amendment (New Arrangements) Bill 2014 was introduced in the House of Reps on Thur 2.10.2014. It proposes to repeal the Australian Information Commissioner Act 2010 and amend other Acts to implement the 2014-15 Budget measure, Smaller Government – Privacy and Freedom of Information functions – new arrangements. The amendments in the…
The Customs Amendment (Korea-Australia Free Trade Agreement Implementation) Bill 2014 and Customs Tariff Amendment (Korea-Australia Free Trade Agreement Implementation) Bill 2014 have now passed all stages without amendment and effectively await Royal Assent, after being passed by the Senate on Wed 1.10.2014. The Bills will give effect to certain obligations under the Free Trade Agreement…
The Tax and Superannuation Laws Amendment (2014 Measures No 6) Bill 2014 was introduced in the House of Reps on Thur 30.10.2014. It makes the following amendments: Remove tax impediments to certain business restructures – would amend the ITAA 1997 to extend the existing business restructure roll-overs available where a member of a company or…
The following Bills received Royal Assent on 16 October 2014 (they had passed all stages without amendment): Tax and Superannuation Laws Amendment (2014 Measures No 4) 2014 – Act No 110 of 2014 – contains amendments concerning thin cap, foreign residents and capital gains, foreign dividends, and the issue of tax receipts to taxpayers. Omnibus Repeal Day…
M o r g a n’ s T a x M o n t h – October 2014 Developments – This is a collection of developments in Australian tax law and practice that occurred in October 2014 and which aims at being of relevance to tax lawyers.* F John Morgan A member of the Victorian…