Tax Month – May 2022

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

– May 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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Legislation

Announcements & Drafts

• 2022 Federal election and the implications from a tax policy perspective

Cases

High Court

• Citta Hobart Pty Ltd v Cawthorn – High Court decision establishing the test for State Tribunals ceasing to have jurisdiction to decide Constitutional and other Federal issues

Federal Court

• Hamilton wins his appeal for exemption under the International Organisations (Privileges and Immunities) Act 1963 – but they had to retrospectively amend the regulations

Rulings

ATO news or statements

• Draft s100A guidance material – ATO extends consultation time and offers some comfort
• ATO media release marks move back to ‘normalised’ debt collection (so ‘please respond … ‘)
• ATO strengthening client verification – to avoid identity theft and tax refund fraud

Superannuation

Other (Super)

• Superannuation – what’s new from 1 July 2022 and what are the priorities for further?

State Taxes

Other (State)

• State taxes on land rezoning gains and their relationship with Federal legislation which tax ‘gains’ more generally – does one impost reduce the other?

Other Developments

Miscellaneous

• Legal Professional Privilege through the lens of ATO ‘chain rattling’ – Victorian LIJ article by University Lecturer outlines the ‘counterbalancing offence’ provisions protecting lawyers’ LPP duties to their clients

 

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