The HEEF Advisory board has released the draft HEEF guidelines for the 2009 funding round. The purpose of the Guidelines is to assist eligible higher education institutions to apply for funding through the HEEF Grants Program.

In the midst of the current global economic downturn, the Australian Government is providing significant stimulus to the domestic economy by providing some attractive incentives and initiatives for businesses in Australia.

This Bill will reduce the withholding tax rate on fund payments from Clean Building MITs made to certain non-residents.

The ATO has provided a summary of many of the tax changes that apply to families from 1 July 2011.

The ATO recently released GSTR 2009/4: New residential premises and adjustments for change in creditable purpose.

The times they are a changing…… Last night’s budget heralded some of the most significant changes to the Not for Profit Sector. This Not for Profit Sector – Special Budget Update outlines the key changes announced by the Gilliard government as part of the 2011-12 Federal Budget.

It was another disappointing year for sharemarket investors as global growth concerns dominated investor sentiment.

The proposed FAF rules were introduced as part of a wider package of reforms to Australia's foreign-source income attribution rules that were announced in May 2009 Federal Budget.

This may drive business to implement new processes for managing logbooks to reduce FBT liability using the operating cost method. Particularly since paper logbooks are extremely onerous in administration and compliance and newer technologies like GPS logbooks are now available.

The draft bill introduces a new Division 160 in the Income Tax Assessment Act to include the loss carry-back provisions.

The Bills to establish the Australian Charities and Not-for-profit Commission have only minor or technical improvements.

The article highlights some key risks faced by farmers, simple steps to managing them, and useful services to assist.

This article updates the progress of the bills and discusses the outcome of the Committee reports relating to the ACNC.

Public ancillary funds must comply with new guidelines formulated by the Minister to prepare PAF returns for assessment.

Income tax exempt charities previously endorsed by the ATO, will be automatically registered entities with the ACNC.

Many schools are now operating state of the art sporting complexes, pavilions, gymnasiums and aquatic centres.

Update on the worldwide economic outlook.

A Federal Court decision handed down by Perram J in Wentworth District Capital Ltd v Commissioner of Taxation [2010] FCA 862 ruled that a company supporting a community bank was established for ’community service purposes’ and was therefore exempt from income tax.

This article lists some tax deductions which are often believed to be claimable, but are generally rejected by the ATO.

The newly elected Labor government has been keen to show that Australia is serious about tackling global warming. One of Prime Minister Rudd's first actions was for Australia to ratify the Kyoto Protocol.