We reported the initial Federal Court decision in the Aussiegolfa (DomaCom) case late last year. The full Federal Court has handed down its decision on the appeals (Aussiegolfa Pty Ltd ...
We reported the initial Federal Court decision in the Aussiegolfa (DomaCom) case late last year. The full Federal Court has handed down its decision on the appeals (Aussiegolfa Pty Ltd (Trustee) v Commissioner of Taxation [2018] FCAFC 122).
Taxpayers and the ATO often grapple with whether proceeds from the sale of property are on capital account or revenue account. The issue continues to generate disputes and litigation. This is often because there are concessions available for sales of property on capital account. But sometimes it is about whether
A change in living arrangements need not be a distressing experience for your child. Parents should work together to deliver a clear and consistent message, conveying to their child that they agree with the arrangements and ensuring the child does not feel they are the cause of the change. If
Part IVA was originally introduced to target tax avoidance arrangements that were ‘blatant, artificial or contrived’. Following the 2013 amendments, the focus has shifted to identifying arrangements where the substance of the transaction ‘could more conveniently, or commercially, or frugally have been achieved by a different transaction or form of
From 1 July 2018, retrospective amendments to the Child Support (Assessment) Act 1989 can have the effect of suspending or terminating Binding Child Support Agreements in certain circumstances. Anyone who has a Binding Child Support Agreement should urgently obtain legal advice to review the document and assess whether they are
In response to recent fires (in Australia and overseas) linked to combustible cladding materials, new laws will require Queensland building owners to complete a mandatory ‘combustible cladding checklist’.
The ATO has released draft taxation determination 2018/D3, outlining their view that a trust split potentially triggers CGT consequences (CGT event E1).
Cooper Grace Ward recently acted for a trustee of a self-managed superannuation fund in an application to the Supreme Court of Queensland in relation to the ability to pay a death benefit from the SMSF.
The new chain of responsibility regime involves three separate pieces of amending legislation. So, what does each piece of legislation do?
On 24 July 2018, the Owner Driver and Forestry Contractors Amendment Bill 2018 was introduced in the Victorian Parliament in response to a government review of the Owner Drivers and Forestry Contractors Act 2005 (Vic). The review found widespread non-compliance with the Act by hirers and freight brokers. The Bill
The National Transport Commission launched the new edition of the Australian Dangerous Goods Code on 1 July 2018. The new edition contains changes aimed at reducing the burden on industry when transporting low-risk items and bringing the Code into line with new United Nations transport requirements.
The National Heavy Vehicle Regulator has commenced public consultation on a draft Master Industry Code of Practice developed by Trucking and Supply Chains Limited, a jointly owned company of the Australian Logistics Council and Australian Trucking Association. Once approved and registered, the Code will set industry standards to assist parties
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.