The Corporations Act has recently been amended to include new disclosure requirements relating to Jobkeeper. These new reporting obligations are only imposed on listed entities.
The Government has released further guidance on Director ID for companies and corporate bodies registered under the Corporations Act and CATSI Act.
The Windfall Gains Tax (WGT) has been introduced to Victorian State Parliament. We address what it means, how to apply, exclusions and other practical considerations.
The ATO is concerned Australian taxpayers are not disclosing assessable income, funds received from overseas where they are purported to be gifts or loans.
Listed entities are now required to make certain disclosures to the market about JobKeeper payments. The information will be made publicly available.
JobSaver participants will need to perform fortnightly testing to confirm continued eligibility for the grant. Earlier this month Service NSW announced that 13 – 26 September 2021 will be the first fortnight for which confirmation will be required.
The State Revenue Office has recently finalised their views on what constitutes “land development”. We outline the changes and possible associated risks for property developers being subject to double duty.
In the most Federal Budget, the Government announced changes regarding the individual tax residency rules, intending to simplify the rules.
The Queensland and Federal Treasurers have jointly announced additional support, in addition to the original $5,000 Grant support, for businesses with a decline in turnover of more than 30% caused by the recent lockdowns.
The Queensland Government has announced its 2021 COVID-19 Business Support Grant is available for eligible businesses.