Taxation compliance requirements can be varied and complex with an extensive impact on independent and religious schools.

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.

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

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

The Government has announced changes to the rules relating to taxation of rights to future income ('RFI').

A free (and optional) super clearing house service is now available to small businesses with less than 20 employees to help them meet their super guarantee obligations.

Treasury has released an Exposure Draft of legislation to retrospectively amend aspects of the tax consolidation regime.

Amendments to Section 254T of the Corporations Act impose additional restrictive conditions when a dividend can be paid.

At the same time, however, the number of respondents expecting to make a major investment or significant development over the next twelve months was up to a record high, while the percentage of those expecting finance costs to rise over the same period hit its lowest figure since the survey was launched in May 2008.

The new ruling replaces TR 2005/21 and expands the ATO's view on charitable purposes after recent court decisions.

There is a unique problem with SMSFs when it comes to trustees and marriage breakdown and splitting assets upon divorce.

The ASX 200 Accumulation Index returned 10.33% over the quarter ending 31 March 2015.

The private health insurance rebate and the Medicare Levy Surcharge (MLS) will be income tested from July 2012.

There is little in the 2012/13 budget to specifically impact the not-for-profit sector after previous taxation reforms.

As expected, the Federal Treasurer placed a strong emphasis on the issues inherited from the previous Labor Government.

The new tax measures announced in the budget will only have a minor impact on the property industry. However the new reporting requirements for construction contractors will increase the administration burden on developers and construction companies. We also await further guidance on the scope of ‘eligible infrastructure projects’ for the purposes of the relaxed loss rules to determine the impact of the rules on the property industry.

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

We would advocate a move from an overweight allocation back to a slightly underweight allocation to Australian equities.

On balance, the outlook for the sector is mixed, so we recommend that investors retain a modest underweight exposure.

Stemming from the May 2009 Budget and subsequent industry consultation, the Government recently released an exposure draft of the revised Legislation.