latest news
Approved Bill to change residential property gst arrangements
A Bill has been introduced to amend the A New Tax System requiring purchasers of new residential premises and new subdivisions of potential residential land to remit the GST on the purchase price directly to the ATO as part of the settlement process.
"transition to retirement"pensions to become more simple
The government has released exposure draft legislation to ensure that a superannuation reversionary transition to retirement income stream (TRIS) will always be allowed to automatically transfer to eligible dependants on the death of the primary recipient.
COURT FINDS PAY-AS-YOU-GO AMOUNTS "WITHHELD" FROM SALARY PAYMENTS
The Federal Court has ruled that pay-as-you-go (PAYG) amounts were “withheld” from a taxpayer’s salary.