T a x T e c h n i c a l – M o n t h l y N e w s
– June 2019 Developments –
This is a collection of developments in Australian tax law and practice that occurred in June 2019
which aims to be relevant to tax practitioners.[i]
Compiled By
F John Morgan
A member of the Victorian Bar (www.FJMtax.com)
Table of Contents
______________________________________________________________________________
You are free to use this material, provided you include a link back to the article on this site.
Tax articles
- Cryptocurrencies, and their taxation, explained – a ‘magical mystery tour’ (more than just a digital ‘foreign currency’)
- TD 2019/D1 – the ATO’s controversial draft determination on the extent of ‘demerger’ relief – the Tax Institute’s view (a ‘U-turn’ at least…)
- Vale Michael Andrew AO – Chair of the Board of Taxation and so much more…
Legislation
Acts etc.
Announcements
- —
Cases
High Court
Full Federal Court
- —
Federal Court
- Scone Race Club Limited v CofT – Thoroughbred racing club not employer of jockeys; no SG obligations
Administrative Appeals Tribunal (AAT)
- Schweitzer v CofT – Taxpayer unsuccessful in seeking hardship release from tax-related liabilities – including for some technical reasons
- Bosanac v CofT – on a rehearing, the AAT remits the shortfall penalty from 75% to 60% where taxpayer’s tax agent failed to include a net capital gain he knew about
- Trustee for the Seabreeze Estate Unit Trust v CofT – GST: eligible to sell on the margin scheme – onus discharged without documentary evidence
Other Courts & Tribunals
- —
Appeals
Rulings
Decision Impact statements
- —
Rulings
- —
Determinations
- —
Law Companion Rulings
- —
Class Rulings & Product Rulings
- —
ATO Interpretative Decisions
- —
Practice Statements
- —
Practical Compliance Guides
- —
Tax Alerts
- —
Other ATO news or statements
- ATO ‘advice under development’ program – June 2019 edition
- Why the ATO is wrong to go after lawyers – ‘sabre rattling’ regarding legal professional privilege claims
GST
Legislation & Announcements (GST)
- —
Cases (GST)
- —
Rulings, Etc. (GST)
- —
Superannuation
Legislation etc. (Super)
- —
Cases (Super)
Rulings etc. (Super)
- —
State Taxes
Legislation & Announcements (State)
- —
Cases (State)
Rulings & Other (State)
- —
Other Developments
Australian Charities & Not-for-Profits Commission (ACNC)
- —
Base Erosion & Profit Shifting & OECD
- —
Board of Taxation
- —
Inspector General and other external supervisors
- —
Miscellaneous
- —
Tax Practitioners Board
- —
[i] Sources – abbreviations: ‘KPMG’: KPMG Daily Tax News; ‘LCA’: Law Council of Australia; ‘LTN’: Latest Tax News (Thomson Reuters); ‘Sievers’: Chris Sievers’ GST post (www. http://chrissievers.com); ‘TBA’: Tax Bar Association Newsletter; ‘TaxVine’: The Tax Institute’s ‘TaxVine’.