Revenue, Tax & Superannuation Legal Alerts
Cooper Grace Ward regularly publishes alerts on a range of legal issues affecting our clients' businesses and industries. Please click on the links below to access our recent legal alerts. Relevant Legal Alerts also appear on our Services and Industries pages.
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Since 2006, families with a disabled child have been able to establish a Special Disability Trust (SDT). SDTs allow immediate family members and carers to provide for the future care and accommodation needs of a ‘...17 January 2012 , Categorised In: Revenue, Tax & Superannuation, Estate Planning
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On 13 October 2011, amendments were introduced to make directors personally liable for unpaid superannuation contributions where the company does not comply with its superannuation guarantee obligations. ...19 October 2011 , Categorised In: Revenue, Tax & Superannuation
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It is easy to forget that income of a superannuation fund can be taxed at the top tax rate, even if the fund is in pension phase. Beware the non-arm’s length income rules! Income earned by the trustee of a...21 September 2011 , Categorised In: Revenue, Tax & Superannuation
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On 14 September 2011 the ATO issued draft ruling SMSFR 2011/D1. The draft ruling contains some important clarifications of key concepts where there was quite some uncertainty, including: that a “single acquirable...16 September 2011 , Categorised In: Revenue, Tax & Superannuation
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The ATO has released TR2011/D3 about when a pension starts and stops. This is relevant for a number of reasons, including whether the income (including capital gains) of a superannuation fund is exempt from tax. When a...26 July 2011 , Categorised In: Revenue, Tax & Superannuation, Estate Planning
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Australia - Full Federal Court dismisses Commissioner’s appeal in landmark transfer pricing decisionThe judgment in Commissioner of Taxation v SNF (Australia) Pty Ltd [2011] FCAFC 74 is the first decision of the Full Federal Court of Australia on a substantive transfer pricing issue. The Court concluded that the...12 July 2011 , Categorised In: Customs Law, Revenue, Tax & Superannuation
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The recent decision in Cameron v. Commissioner of Taxation [2011] AATA 386 illustrates the importance of taxpayers satisfying all relevant tests when claiming they operate a personal services business for income tax...17 June 2011 , Categorised In: Revenue, Tax & Superannuation
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The government has released draft amendments that will specifically allow the streaming of capital gains and franked dividends derived by trusts. The intention is that these amendments will apply...11 May 2011 , Categorised In: Revenue, Tax & Superannuation
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We have been recommending that clients amend their trust deeds to clarify a number of issues of uncertainty arising from recent cases and changes in the ATO position on trusts. Our objectives have included ensuring, as...24 March 2011 , Categorised In: Revenue, Tax & Superannuation
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The recent Federal Court decision of Colonial First State Investments Ltd v Commissioner of Taxation [2011] FCA 16 further highlights the danger of assuming that unit trusts will qualify as “fixed” trusts....16 February 2011 , Categorised In: Revenue, Tax & Superannuation
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Australian retailers have recently campaigned for the government to remove the exemptions that allow certain imported goods to be exempt from customs duty and import GST. Importing goods free of customs duty and import...17 January 2011 , Categorised In: Customs Law, Revenue, Tax & Superannuation
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But be careful because it only tells half the story. The Queensland payroll tax legislation was amended from 1 July 2008. The purpose was to harmonise Queensland’s legislation with other states. However, the...16 December 2010 , Categorised In: Revenue, Tax & Superannuation
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Following the High Court decision in Bamford, we have reviewed a lot of unit trust deeds and have seen many unit trusts with superannuation funds as unitholders. The danger is that when a superannuation fund holds units...06 September 2010 , Categorised In: Revenue, Tax & Superannuation
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The Government recently introduced a Bill to amend the super fund borrowing rules by replacing the existing exception in section 67(4A) of the Superannuation Industry (Supervision) Act 1993 with sections 67A and 67B....14 July 2010 , Categorised In: Revenue, Tax & Superannuation
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The decision in SNF (Australia) Pty Ltd v. Commissioner of Taxation [2010] FCA 635 is good news for Australian businesses with international operations. It is the first Federal Court decision handed down on substantive...12 July 2010 , Categorised In: Revenue, Tax & Superannuation
