The ATO advises that the schedule will apply to income years starting on or after 1 July 2011.

The Court confirmed that royalty withholding taxes were applicable for license fee payments made to a Canadian supplier.

How sure are you that your enterprise has not provided the Commissioner of Taxation ("the Commissioner") with a windfall gain of overpaid GST over the last four years?

The changes are in response to recent judicial decisions that may have undermined the effective operation of Part IVA.

The Significant Investor Visa is an immigration pathway, which aims to attract high net worth individuals and investors.

The Government introduced legislation into Parliament earlier this week for the new Managed Investment Trust (MIT) definition that will apply to both the capital account election reforms and the withholding tax regime. The intention of the new definition is to expand the application of the MIT regime to a wider range of managed funds. Unfortunately, it has not fully achieved this objective.

Shorten MP jas announced that the FAF rules will not apply for the 2010-11 income year.

Employers should remember that the FBT minor benefits exemption threshold (for small rewards and gifts) remains at $300.

R&D incentive applicants can now obtain an advance finding of whether their activities are eligible R&D activities.

The Government is seeking comment on proposed reforms to taxation of trusts.

This newsletter includes summaries of news articles and reports affecting employment and businesses in Australia.

The first issue of this newsletter is concentrated on the various recent announcements regarding the NFP reform journey.

The MSCI World Index (ex-Aust) in local currency terms returned 4.23% over the quarter ending 31 March 2015.

The scheme will apply to NSW businesses with a taxable wages bill of less than the current annual threshold of $750,000.

This includes a link to an eBook full of strategies, tips and tools to take your business to the next level of growth.

Buying insurance cover within an SMSF may give access to deductible expenses that would otherwise not be available.

The ATO has reminded small business entities or SBEs that the depreciation rules for business assets are now simpler.

The ATO will match records with WorkCover entities to identify noncompliance by employers with tax law obligations.

The government "Industry Innovation and Competitiveness Agenda" is designed to drive growth and jobs in key industries.

Mr Mayhew had a permanent place of abode outside of Australia so he was not a resident of Australia for tax purposes.