ACNC details to come include governance standards, financial reporting and annual information statement requirements.

Many companies that have been subject to the new rules for the taxation of financial arrangements (TOFA) since 1 July 2010 will need to lodge an election by January 17 if they wish to apply the TOFA rules to pre-existing financial arrangements that were held on 1 July 2010.

The Full Federal Court has handed down its decision in Sunchen Pty Ltd v Commissioner of Taxation [2010] FCAFC 138. In essence, the issue before the Court was whether land purchased by the taxpayer, Sunchen Pty Ltd, was a residential premises to be used predominantly for residential accommodation. The Court held that the answer to this question was to be determined by reference to the objective characteristics of the property, and not by reference to the subjective intentions of the taxpayer whe

The Treasurer will remove 'in-house' fringe benefits tax concessions when they are accessed by way of salary sacrifice.

Migrants should be aware of the tax implications of moving to Australia, because of its robust taxation system.

Share-based payments are a popular method to reward, motivate and retain staff.

If you lodge Australian tax returns, you need to be aware of Project DO IT.

The Assistant Treasurer, the Hon Bill Shorten MP, has released a consultation paper with further details of the Federal Government’s 2011-12 Budget announcement to reform the use of not-for-profit (NFP) tax concessions for unrelated commercial activities from 1 July 2011

The first consultation paper on the 2009 Federal Budget R&D measures has been released. The intention is to fund the increase in R&D incentive by tightening the definition of R&D.

On 27 January 2011, the Prime Minister announced that the Government would impose a temporary levy on taxable incomes, to apply for the 2011-12 financial year only (i.e. from 1 July 2011), to assist in funding help fund flood reconstruction work.

When preparing 2011/2012 FBT returns, employers should be aware of recent changes that have been made to the FBT law.

With Christmas fast approaching, it is useful to remember that the FBT minor benefits exemption threshold remains $300.

The Government today announced sweeping changes to Australian shipping policy designed to stimulate Australian shipping.

The 2010-2011 Federal Budget has introduced some significant changes that will have a positive impact on the funds management industry. We welcome the announcements that have been made.

The Revenue Ruling PTA.039 Nexus Provisions was released in May 2011. This Ruling aims to explain the nexus rules between states and clarify when wages must be declared in Victoria for payroll tax purposes. It also covers overseas assignments.

Increased ICT reliance and constant changes require Business Managers in schools to stay abreast of the latest practices.

Governance in the school context can be a peculiar beast.

Eligible individuals can currently contribute up to $180,000 per annum to their super fund using after-tax monies.

The House of Representatives was dissolved at 5.30pm on 5 August 2013, and the Government moved into 'caretaker mode'.

. This is a rundown on some of the more important promises and commitments of the new government before the election. .