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ATO Updates Class rulings issued The ATO has issued: CR 2023/25 – Qantas Airways Ltd – 2022/23 Qantas Short Term Incentive Plan; CR 2023/26 – 2023-2025 Qantas Long Term Incentive Plan; and CR 2023/27 – OZ Minerals Ltd – Scheme of arrangement and special dividend. TR...
ATO Updates Class and product rulings issued The ATO has issued: CR 2023/23 – Unitywater – Early Retirement Scheme 2023;CR 2023/24 – Challenger Ltd – Challenger Capital Notes 4; andAddendum to PR 2022/11 – Allianz Guaranteed Income for Life. State Taxes WA:...
2023-2024 Federal Budget The Commonwealth Treasurer will deliver the 2023-2024 Federal Budget at approximately 7.30PM AEST on Tuesday 9 May. We will include a summary of any noteworthy tax and superannuation measures in next week’s edition of the Birchstone Brief....
ATO Updates Decision Impact Statement: Guardian case The ATO has issued a Decision Impact Statement (DIS) regarding the Full Federal Court’s decision in FCT v Guardian AIT Pty Ltd ATF Australian Investment Trust [2023] FCAFC 3 (covered in the Birchstone Brief for the...
ATO Updates Draft legislative instrument to clarify Commissioner's power to remit penalties and interest LI 2023/D10 proposes to modify the remission provisions in the TAA 1953 to remove any doubt that the Commissioner has power to continue his longstanding practice...
ATO Updates ATO to begin data matching residential investment property loan data As announced in a gazette notice dated 3 April 2023, the ATO will acquire residential investment property loan data from authoriesd financial institutions in relation to the 2021-2022...
ATO Updates ATO to begin data matching residential investment property loan data As announced in a gazette notice dated 3 April 2023, the ATO will acquire residential investment property loan data from authoriesd financial institutions in relation to the 2021-2022...
ATO Updates PS LA on rectification directions issued The ATO has issued PS LA 2023/1, which provides guidance to ATO staff regarding the issuance of rectification directions to a trustee (or a director of a corporate trustee) of a self-managed superannuation fund for...
ATO Updates Addendum to GSTR 2002/2 The ATO has issued an addendum to GSTR 2002/2, which deals with the GST treatment of financial supplies and related supplies and acquisitions, to reflect recent changes in the GST law and generally modernise the ruling. Draft...
Curated for the needs of SME tax professionals. The Birchstone Brief is delivered to your inbox every week. It contains all the tax developments you need to know from the previous week, with insights from the team at Birchstone Tax Law.
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