Tax Month – July 2022

T a x  T e c h n i c a l  –  M o n t h l y  N e w s

– July 2022 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

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Cases

High Court

• Hill v Zuda – High Court confirms SISR 6.17A does not prescribe BDBN standards on SMSFs (and comments on following sister court ‘dicta’)
• Hill v Zuda – High Court confirms that SISR formalities, for BDBNs do not apply to SMSFs – whilst also clarifying ‘comity’ obligations between different jurisdictions

Administrative Appeals Tribunal (AAT)

• Douglas v CofT – Special BHP dividend assessable – not a return of capital on pre-CGT shares

Other Courts & Tribunals

• Commonwealth of Australia v Kupang Resources Pty Ltd – NSWCA rejects Administrator’s application to require ATO to disclose ‘protected information’
• Two individuals in court facing charges of bribing an ATO officer and receiving a corrupt benefit

Rulings

Other ATO news or statements

• Crypto asset investments & transactions – ATO web page summary

Superannuation

Cases (Super)

• JMC Pty Limited v CofT – Lecturer an “employee” for Super Guarantee purposes – both ‘ordinary’ and ‘extended’ meanings

Other (Super)

• ASIC issues fresh regulatory relief for trustees of super funds that use ‘superannuation calculators and retirement estimates’ facilities

ATW – Australian Tax Week (CCH); LTN – Latest Tax News (Thomson Reuters); TaxVine – The Tax Institute weekly email.