It is common for families and businesses to consider establishing their own charitable foundation at this time of year, particularly private and public ancillary funds. ...
The ATO has released PS LA 2014/1 outlining: how the Commissioner administers penalties for failure to comply with the ancillary fund guidelines; when directors of a corporate trustee may have ...
It is common for families and businesses to consider establishing their own charitable foundation at this time of year, particularly private and public ancillary funds.
In the recent case of Woodside Energy Ltd v Electricity Generation Corporation, the High Court considered the construction of a contractual clause requiring a party to ‘use reasonable endeavours’ to supply supplemental gas…
In the recent case of Woodside Energy Ltd v Electricity Generation Corporation, the High Court considered the construction of a contractual clause requiring a party to ‘use reasonable endeavours’ to supply supplemental gas…
It is common for people who control valuable structures and entities outside of their estate to make provision for their family through those entities when they die, as opposed to leaving gifts to them in their Will.
Although someone might be ‘eligible’ to bring a family provision claim, that alone does not guarantee success.
The recent High Court decision of Thiess v Collector of Customs emphasises the importance for importers and their customs agents to take care when paying customs duty and associated GST.
The ATO has consistently accepted that ‘fixed entitlement’ is not a defined term for the purposes of the non-arm’s length income rule in section 295-550(4) of the Income Tax Assessment Act 1997.
The ATO has released PS LA 2014/1 outlining: how the Commissioner administers penalties for failure to comply with the ancillary fund guidelines; when directors of a corporate trustee may have a defence to the penalties; and when the Commissioner will remit such penalties. The practice statement applies to both private
On 4 April 2014, in Montreal, an International Civil Aviation Organisation (ICAO) diplomatic conference adopted a Protocol to amend the Convention on Offences and Certain Other Acts Committed On Board Aircraft 1963 (Tokyo Convention).
The ATO’s additional powers to deal with breaches of the Superannuation Industry (Supervision) Act 1993 (SIS Act) by self-managed superannuation funds (SMSFs) is now law and will apply to breaches of the SIS Act from 1 July 2014.
A ‘family provision application’ (FPA) is a type of estate challenge that can be brought to dispute the contents of a person’s Will after they die. An FPA is not the correct avenue to challenge the validity of a Will document. An FPA is usually filed where someone has been
Interest-free or low rate loans to self-managed superannuation fund (SMSFs) from related parties have been the flavour of the month since the ATO’s comments in the National Tax Liaison Group meeting of December 2012
Cooper Grace Ward acknowledges and pays respect to the past, present and future Traditional Custodians and Elders of this nation and the continuation of cultural, spiritual and educational practices of Aboriginal and Torres Strait Islander peoples.
Fast, accurate and flexible entities including companies, self-managed superannuation funds and trusts.