The Government has announced it will pass legislation to extend the tax-free status of income supporting a superannuation pension until a deceased member’s benefit has been paid from the fund. ...
The Government has announced it will pass legislation to extend the tax-free status of income supporting a superannuation pension until a deceased member’s benefit has been paid from the fund. This will be effective from 1 July 2012 and will also apply for self-managed superannuation funds.
Following closely on the heels of the High Court’s recent decision in Forrest v ASIC, ASX announced on 17 October 2012 the release for consultation of a new draft Guidance Note 8 on continuous disclosure. Guidance Note 8 was last updated in June 2005.
Businesses that supply goods to other entities should revisit their policies about registration on the Personal Properties Securities Register (PPSR) or risk losing their claims to goods if their customers become insolvent.
At the Council of Australian Governments (COAG) meeting on 25 July 2012, all States agreed that the Personal Liability for Corporate Fault – Guidelines for Applying the COAG Principles should apply when drafting future legislation.
Following the recent review of the Fair Work legislation, Workplace Relations Minister Bill Shorten has announced that he intends to introduce legislation that will include significant changes to the unfair dismissal laws under the Fair Work Act 2009 (Cth).
On 19 September 2012, Coroner Hennessy handed down her findings on the inquest into the death of Isabella Diefenbach.
Many property and investment syndicates are described as joint ventures but do not actually qualify as joint ventures for tax or GST purposes because of the narrow scope of the definition of joint venture in the legislation.
A recent ruling by the New South Wales Court of Appeal in O’Neill v Liddle has confirmed that a driver’s failure to keep a proper lookout is legally significant, even where the other driver fails to comply with the road rules.
The extensive powers of the Australian Tax Office (ATO) to issue notices under section 264 of the Income Tax Assessment Act 1936 have been confirmed in the recent decisions of Binetter v Deputy Commissioner of Taxation and Australia and New Zealand Banking Group Limited v Konza.
In a rare win for the taxpayer, the Administrative Appeals Tribunal (AAT) has set aside the decision of the Australian Taxation Office (ATO) to issue a non-compliance notice to the trustee of a self managed superannuation fund in Pabian Park Pty Ltd Superannuation Benefits Fund v FCT.
The new ‘significant investor’ visa will commence on 24 November 2012, providing a new pathway for migrants who invest more than AUD $5 million in certain Australian investments.
Last Friday the High Court unanimously found that the Bendigo Regional Institute of Technical and Further Education (BRIT) did not take adverse action against its employee Gregory Barclay, for a reason prohibited by the Fair Work Act 2009 (Cth).
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.