ATO reminds directors applications for a Director ID are due on 30 November 2022
The ATO is reminding all directors of Australian companies that they must apply for a director identification number by 30 November 2022.
Guidance relating to superannuation guarantee updated and withdrawn
The ATO has:
- updated SGR 2009/2 to take account of various changes, including the removal of the $450 monthly minimum threshold for salary or wages to count towards the superannuation guarantee; and
- withdrawn SGD 2003/5 with effect from 20 October 2022 as it is no longer current.
Determination setting out value of goods for private use issued
TD 2022/15 sets out updated values for the 2022-23 income year that the ATO will accept as the estimated value of goods taken from trading stock for private use by taxpayers for a variety of industries.
Class rulings and addendum issued
The ATO issued the following:
- CR 2022/91 – Sandon Capital Activist Fund — Reclassification of units using “series of units” methodology;
- CR 2022/92 – Avant Mutual Group Ltd — Retirement reward dividend;
- CR 2022/93 – Afterpay Ltd — Employee share scheme — Acquisition by Block, Inc. under scheme of arrangement; and
- CR 2021/53A1 — Addendum to CR 2021/53 — ICSGlobal Ltd — Return of share capital and special dividend.
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