The sale of the property will give rise to income tax and stamp duty implications.

The ATO has reverted to a single set of rates for reasonable food and drink expenses by an employee receiving a LAFHA.

The first tranche of the reform of Australia's transfer pricing rules passed unamended and has received Royal Assent.

The Government has stated that it intends to introduce the Charities Bill into Parliament in the Winter sitting in 2013.

Every school faces risks that present threats to successful delivery of expected services.

Many businesses and individuals are affected by the PPSA, including agricultural producers.

A review of previous world-wide investment opportunities.

The Government has proposed a suite of amendments aimed at 'tidying up' the TOFA regime.

Draft legislation has been released for comment to correct technical problems with the current tax legislation that can prevent companies with multiple classes of shares and tax consolidated groups recouping prior year tax losses.

As the financial year draws to a close, a reminder of the tax concessions available in the superannuation environment follows.

As the government regards the small business sector as central to the economy, it has introduced a range of tax concessions.

The implications of unpaid present entitlements ("UPE") owing to company beneficiaries. An UPE broadly exists where a trust has made a distribution of income or capital to a beneficiary which remains unpaid.

The Bills are still up for debate, with the Government anticipating that the ACNC will open its doors in December 2012.

The Disability sector and schools are the winners from this budget, with funding of Disability Care and Gonski reforms.

The Treasury has released draft legislation in respect of the changes to the Living Away From Home Allowance (LAFHA).

The reform removes the statutory formula method for both salary-sacrificed and employer-provided car fringe benefits.

Although the sector is reasonably valued, the outlook for Australian equities remains more favourable than AREITs,.

TR 2013/2 clarifies the definition of a school or college and identifies key requirements for a school building fund.

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

The article discusses challenges for independent and religious schools which are continually changing at a rapid pace.