The ATO published a ruling about "starting and stopping a new superannuation income stream" (a superannuation pension).

Companies should now be able to consider the declaration and payment of franked dividends with more certainty.

The Australian stock market recently moved with renewed volatility and the Reserve Bank made moves to reduce the dollar.

As part of the Not-for-profit reforms, the Government proposes the introduction of a statutory definition of charity.

Challenges experienced in the current economic environment could leave many motor dealerships vulnerable to fraud.

In the 2009 Federal Budget, the Government announced its intention to repeal the Foreign Investment Fund (FIF) rules. The exposure draft of the Tax Laws Amendment (Foreign Source Income Deferral) Bill (No.1) 2010 which contained the repealing provisions was released by the Assistant Treasurer on 18 December 2009.

ATO reviewing living away from home allowances (LAFHA).

Submission regarding not-for-profit concessions on behalf of higher education sector

Employers must review their internal systems to ensure that superannuation payments are made correctly and consistently.

The Assistant Treasurer, the Hon Bill Shorten MP, recently announced a 1-year deferral in the commencement date of the new MIT regime from 1 July 2011 to 1 July 2012. The deferral is the result of "overwhelming feedback" received during the consultation process that, while supportive of this positive reform, called for further time to ensure effective operation within the new MIT tax system.

The Motor Vehicle Standards Act (MVSA) is currently under review.

The public consultation workshop in Melbourne outlined the process and gave stakeholders an opportunity to provide input.

Charities & NFPs face a number of changes that will impact the AIS and financial reporting obligations.

Snapshot of the ACT budget & key takeaways. Link to article discussing what the budget means for you.

Amendments to payroll tax laws will affect non-profit organisations.

The ACNC already has over 40 new charities registered, a 'user friendly' website and numerous community presentations.

The application of the "Better Targeting of Not for Profit Tax Concessions" is delayed from its intended start date.

Overall the 2012/13 Budget appears to be reasonable for the education sector with no significant decreases in funding.

The transition to non-resource drivers of economic growth could be slower and employment growth may remain subdued.

These data matching programs aim to identify non-compliance with lodgement, payment and correct reporting obligations.