The Full Federal Court in Brady King Pty Ltd v FCT has overturned the initial contentious judgement made by the single judge of the federal court earlier this year.

The Same-Sex Relationships (Equal Treatment in Commonwealth Laws-Superannuation) Act 2008 is the first of three bills to receive royal assent in part of a package of legislation to ensure equal treatment under commonwealth laws for same-sex couples.

Summary of fringe benefits tax issues associated with this time of year.

The Federal Government announced on 28 March 2009 further cashflow relief for small businesses, self funded retirees and small superannuation funds.

The Fringe Benefits Tax minor benefits exemption threshold is now $300 (previously $100). With this in mind, the value of minor and infrequent rewards and gifts that can be provided to your employees without you as the employer incurring any FBT liability is quite significant.

High Court decision provides an opportunity for subsidiaries of charities to conduct commercial activities without losing their charitable status.

As a result of the recent budget the Chancellor announced various and substantial changes to the VAT regime, including a wholesale re-write of the option to tax legislation that will be introduced from 1 June 2008.

In the commercial market, federal government incentives are offered to owners or leaseholders who develop energy-efficient commercial buildings.

Government proposes to reform transfer pricing legislation after the ATO Decision Impact Statement on the SNF case.

Australia's medium term economic prospects have become increasingly uncertain.

The Ruling relates to payments to a shareholder or an associate pursuant to an Order made under Section 79 of the FLA 1975.

The Government has released draft legislation which will provide clarify the GST treatment of government appropriations.

The Australian Taxation Office (ATO) announced on 16 March that they will be reviewing living away from home allowance (LAFHA) benefits as it believes some employers may be claiming excessive amounts for exempt accommodation and food components.

The tax principles that apply to an investment property also apply to a holiday house, if it is leased or rented out.

These misconceptions about deductions have all been believed to be claimable, but have been rejected by the Tax Office.

On 27 October 2010, the Commissioner of Taxation (the "Commissioner") finalised its draft ruling on the interaction between the transfer pricing provisions and the thin capitalisation provisions. Draft ruling TR 2009/D6 (the "Draft Ruling") was finalised as Taxation Ruling TR 2010/7 (the "Ruling").

A recent decision of the Full Federal Court of Australia has caused a major rethink regarding the GST treatment of forfeited deposits.

(FBT) exemption has now been extended to employees working at overseas locations under a fly in fly out arrangement.

The Draft GST Ruling: Grants of Financial Assistance is a substantial rewrite of an earlier ruling on the same topic.

The importance of keeping your ASIC details up to date. Increasingly, it seems that more solvent companies are being placed into liquidation by default.