Directors can be personally liable to pay the Commissioner of Taxation the amount of an unfair preference payment relating to pay as you go withholding (PAYG) where the Commissioner is ordered to pay the amount to a liquidator.
The new CGT withholding provisions commence on 1 July 2016 and, as the commencement date draws closer, it is becoming more apparent that the scope of the provisions is much wider than suggested by the government and the ATO.
In this article, we will discuss how your business can train staff on privacy related issues.
In this article, we will discuss the importance of implementing a social media policy for your business.
In this article, we will consider how your business should handle requests to access and correct personal information.
In today’s Privacy Awareness Week article we will be discussing how your business can hold personal information and use it for the purpose of direct marketing.
This week is Privacy Awareness Week. As an official partner of the Office of the Australian Information Commissioner’s privacy awareness campaign, Cooper Grace Ward will be publishing a series of articles.
A loan will be a complying 25 year loan under Division 7A if the requirements in section 109N are satisfied.
One of the major issues with LRBAs has been around the terms of loans from related parties.
The question of whether a trustee can make an effective distribution of capital to beneficiaries from an asset revaluation reserve has been clarified by the decision of the High Court in Fischer v Nemeske Pty Ltd [2016] HCA 11 (delivered on 6 April 2016).
The ATO has been highlighting their concerns with related party loans in SMSF borrowing arrangements (LRBAs), and particularly whether they have been made on commercial terms.
The South Australian case of Brine v Carter [2015] SASC 205 is a warning to executors who wish to claim the deceased’s superannuation for themselves.