Article2021-22 Federal Budget tax measuresA strong economy is the immediate goal of the 2021-2022 Budget, with stabilising and reducing debt a second phase issue.AustraliaGovernment, Public SectorCorrs Chambers Westgarth
ArticleRefunds arising from the ashes: Illegal phoenix activities provide basis for discretion to retain tax refunds (ATO Practice Statement 2021/2)ATO Practice Statement 2021/2 provides an explanation of when the Commissioner of Taxation can retain taxpayer refunds.AustraliaTaxMST Lawyers
ArticleUnderstanding The Basis Of Value Matters More Than EverDifferent forms of value have different meanings, and these differences are crucial for valuation practitioners, legal professionals in commercial disputes, business leaders in financial decision-making and for financial...AustraliaCorporate/Commercial LawFTI Consulting
Article2026–2027 Federal Budget: Major Tax Reforms Reshaping Wealth And InvestmentThe Federal Budget announced on 12 May 2026 introduces significant structural tax reforms that will materially impact wealth creation, investment strategies, and business/holding structures.AustraliaTaxColeman Greig Lawyers
ArticleAreas of focus in the ATO's spotlight for 2024-2025ATO outlines the key risk areas it intends to focus on for private wealth in this financial year.AustraliaTaxColeman Greig Lawyers
ArticleProperty and Taxes - GST lessons for all property transactionsSome GST disputes involve the Commissioner of Taxation, but many involve the parties to the property transaction.AustraliaTaxMoore Australia
ArticleDecision Alert: Supreme Court Of New South Wales Clarifies When Liability For Duty Arises In Context Of Electronic TransactionsOn 30 June 2026 the Supreme Court of New South Wales handed down its judgment in Forever Grateful Holdings Pty Ltd v Chief Commissioner of State Revenue [2026] NSWSC 761, which clarified the point in time at which the relevant facts are to be considered when determining a duty liability arising under the Duties Act 1997 (NSW) (Duties Act). AustraliaTaxHerbert Smith Freehills Kramer LLP
ArticleAre debts owed to the Tax Office special when it comes to the definition of insolvency?Genuinely disputed tax debts are still debts and should be taken into account in determining the company's solvency. AustraliaInsolvency/Bankruptcy/Re-StructuringBRI Ferrier
ArticleA View On The 2025/26 Western Australia State BudgetThe Western Australian ("WA") Labor Government has handed down its ninth consecutive WA Budget ("Budget") on 19 June 2025. AustraliaTaxAlvarez & Marsal
ArticleHow does tax apply to electric cars?The ATO has recently released new details on FBT and electric vehicles, earn-out clauses and sharing platforms.AustraliaTaxFortis Accounting Partners
ArticleHow much evidence is enough? The burden of proving that an ATO Assessment is excessiveThe standard of proof in taxation review proceedings is the balance of probabilities.AustraliaTaxColeman Greig Lawyers
ArticlePublic CBC Reporting: The Ultimate Tax Transparency Tool For The ATO And MultinationalsOn February 12, 2024, the Australian government released a new exposure draft (ED) proposing public country-by-country (CbC) reporting requirements...AustraliaTaxAlvarez & Marsal
ArticleVacant Residential Land Tax (VRLT) In Victoria ExplainedVictoria's Vacant Residential Land Tax has expanded statewide from 2025, introducing progressive tax rates of up to 3% on properties left unoccupied for more than six months annually. Property owners across Victoria now face strict notification requirements and substantial penalties, with rates escalating based on consecutive years of vacancy. AustraliaTaxPCL Lawyers
ArticleFederal Court decision highlights the urgent need for change to income tax residency rules for individualsSubsequent to the court decision, the Government released the Board of Taxation's self-initiated review into the topic.AustraliaTaxPointon Partners
ArticleNSW Duties And Penalty Changes Now In ForceThe State Revenue and Fines Legislation Amendment Bill 2022 was introduced into NSW Parliament on 23 March 2022 and was assented to on 19 May 2022.AustraliaTaxVincent Young
ArticleAustralian tax residency during COVID-19: What do I need to know?An individual has significant risk of being considered an Australian tax resident if they continue to stay in Australia.AustraliaTaxColeman Greig Lawyers
ArticleFBT Case Turns Treatment Of Fly-In-Fly-Out Travel On Its HeadIn March this year, the Full Federal Court handed down its decision in Bechtel Australia Pty Ltd v Commissioner of Taxation [2024] FCAFC 33...AustraliaTaxAlvarez & Marsal
ArticleFederal Court Clarifies Loss Transfer Cancellations: A Win By Retaining LossesThe Federal Court of Australia has clarified the operation of section 707-145 of the Income Tax Assessment Act 1997, determining that a head company's choice to cancel the transfer of tax losses must be made in relation to the joining year. The judgment in Evolution Mining Limited v Commissioner of Taxation provides critical guidance on the timing requirements for cancelling automatic loss transfers in consolidated groups, confirming that choices made in later income years are ineffective.AustraliaTaxCorrs Chambers Westgarth
ArticleMinimum Tax On Discretionary Trusts: Impact For Fund ManagersObtaining certainty of being classified as a ‘fixed trust’ is now more important than ever for fund managers as the trustees of most non-fixed trusts are proposed to be subject to a 30% minimum tax from 1 July 2028.AustraliaTaxHerbert Smith Freehills Kramer LLP
ArticlePQBZ v Commissioner of Taxation – a rare (partial) win for the taxpayer in the TribunalThe Applicant failed to prove he was not a tax resident, but he did prove that the amended assessments were excessive.AustraliaTaxColeman Greig Lawyers