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Implications of the High Court decision in the Sharpcan case
On 16 October 2019 the High Court handed down its decision on the Commissioner of Taxation v Sharpcan Pty Ltd [2019] HCA 36. This judgement, which...
A Victorian land tax New Year’s surprise
Buried in the Victorian 2019/20 Budget Papers was a change to the land tax treatment of a common scenario that will prove to be an unwelcome...
Payroll tax – the music continues, although not always in harmony
For what is supposed to be an efficient harmonised revenue collection measure, the payroll tax ('PRT') system certainly generates plenty of...
Super contributions for those 65 and over:12-month work test exemption
Until recently regulated superannuation funds (including self-managed superannuation funds ('SMSFs') were prohibited from accepting voluntary...
Director penalties and GST – some matters to know
It is proposed to extend the existing director penalty regime to enable the Commissioner to recover unremitted GST from directors. Presently, the...
The active asset test and vacant land used partially for business – where should the line be drawn?
Practitioners would be well aware that in order for taxpayers to be able to access the small business capital gains tax ("SBCGT") concessions, they...
The cost of doing business worldwide with the click of a button
With the advent of technology such as the internet, smart logistics, smaller lead times etc., markets once only accessible to big business are now...
Is annual leave loading subject to super?
A recent update to the ATO's website regarding ordinary times earnings (OTE) and annual leave loading (from a superannuation guarantee (SG)...
GST, damages and insurance
When entities suffer damage or loss, it is likely that the resulting GST implications are not necessarily top of mind. However, there are some very...
Class actions – what happens when you win?
It is becoming more common in Australia for class actions to proceed where aggrieved shareholders of listed companies sue in relation to the shares...
