Working HolidayMakers and tax returns for 2017
New arrangements, commonly known as the “backpacker tax changes” came into place from 1 January 2017 for employers of working holidaymakers.
Default assessments confirmed for undisclosed income of property business
A taxpayer has been unsuccessful in proving that default assessments were excessive or otherwise incorrect: Peter Sleiman Investments Pty Ltd as Trustee for The Sleiman Family Trust v FCT  AATA 999.
ASIC takes action on super fund websites failing to make disclosures
The Australian Securities and Investments Commission (ASIC) has recently intervened in relation to 21 superannuation trustees that failed to adequately disclose transparency information on their super fund websites.