There are serious consequences for failure to comply with the obligations set out in the Clean Energy Act 2011 (CE Act) and the National Greenhouse Energy Reporting Act 2007 (NGER ...
There are serious consequences for failure to comply with the obligations set out in the Clean Energy Act 2011 (CE Act) and the National Greenhouse Energy Reporting Act 2007 (NGER Act). The CE Act sets out a wide range of obligations in relation to carbon and also establishes the Clean
From 1 July 2013, accountants, other advisers, companies and partnerships can apply for a limited financial services licence that will allow them, their employees and representatives to provide advice in a range of situations when dealing with self-managed superannuation funds (SMSFs), without holding a ‘full’ AFSL.
Draft legislation designed to give the ATO more flexibility in dealing with breaches of the Superannuation Industry (Supervision) Act or Regulations by SMSF trustees has been released. The changes are intended to take effect from 1 July 2013.
From 1 July 2013, any auditor who wishes to sign off on audit reports for self-managed superannuation funds (SMSFs) must be an ‘approved SMSF auditor’, and SMSF trustees who engage an auditor who is not an ‘approved SMSF auditor’ will breach the Superannuation Industry (Superannuation) Act 1993
All entities risk losing assets to third party creditors under the Personal Properties Securities Act unless they take steps to protect their title through appropriate documents and action (typically registration on the PPSR).
From August 2012 a failure by the trustee of a self-managed superannuation fund (SMSF) to keep its assets separate from assets held by the trustee personally or from those of a standard-employer sponsor (and their associates) is an offence punishable by a fine of up to $17,000.
The recent Federal Court decisions of Australian Competition Consumer Commission v Jewellery Group Pty Limited and Australian Competition Consumer Commission v Jewellery Group Pty Limited (No 2) illustrate why caution is needed when advertising price reductions.
The Queensland Government on 1 March 2013 approved significant changes to the Environmental Protection Regulation 2008 (Regulation). The most important feature is the deletion of 20 environmentally relevant activity (ERA) thresholds. What this means is that small to medium sized business operations, such as motor vehicle workshops, will no longer
The Sustainable Planning and Other Legislation Amendment Bill 2012 (Qld) (SPOLA Bill) was passed by parliament on 13 November 2012, after recommendations for change made by the State Development, Infrastructure and Industry Committee (Committee) were adopted.
Bank of Queensland Ltd (BOQ) held a FinancialGuard Professional Services Insurance policy (the policy) with Chartis Australia Insurance Ltd (Chartis). BOQ made a claim on the policy after proceedings were commenced against it by a third party for breaches of the Australian Securities and Investments Commission Act 2001 (Cth), Fair
Recent amendments to the 1936 Tax Act mean the ATO now has more ammunition to fight anti-avoidance cases. Treasury estimates that the changes will prevent the loss of $1 billion in tax revenue each year.
The recent decision of the Federal Court in Carter in the matter of Damilock Pty Ltd (Damilock) highlights the need for liquidators to review current practices when paying priority creditors (e.g. employee entitlements).
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.