Insights

ATO Updates ATO Guidance: Fuel tax credits The ATO has updated PCG 2016/3 to clarify that its practical compliance method for non-business fuel tax credit claimants will only apply where a rate change occurs during a claim period solely because of indexation. The...

ATO Updates Class rulings The ATO has issued: CR 2022/42 – Australian Government Band holders – Exchange of bonds for CHESS Depository Interests. ATO Draft PCG: Non-commercial losses The ATO has issued Draft Compliance Guideline PCG 2022/D2, which outlines a safe...

ATO Updates Rulings The ATO has issued the following Class Ruling: CR 2022/41 - JB Hi-Fi Limited - Off-market share buy-back. State Taxes Victorian Budget 2022-23 The Victorian has handed down the 2022-23 Budget, with the following tax and revenue measures: gambling...

ATO Updates Rulings The ATO has issued CR 2022/40 – Over The Wire Holdings Ltd – Scrip for scrip roll-over. State Taxes Land Tax (Vic) – Ruling on charitable institutions exemption released The State Revenue Office of Victoria has released an updated Ruling on the...

ATO Updates Section 100A Guidance The ATO has provided clarification before the Senate Economics Legislation Committee on 6 April that TR 2022/D1 and PCG 2022/D1 (covered in the Birchstone Brief for the week ended 25 February 2022) are not intended to apply on a...

ATO Updates ATO Guidance: Notional GST Dispute Resolution The ATO has released Guidance concerning the notional GST dispute resolution process for government entities. A separate dispute resolution process for notional GST disputes is necessary as legal objection and...

ATO Updates The ATO has issued the following class rulings: CR 2022/34 – Australia and New Zealand Banking Group Ltd – ANZ Capital Notes 7; CR 2022/35 – Urban Mobility Pty Ltd – Use of an electric bicycle by an employee; and CR 2022/36 – Eftpos Payments Australia Ltd...

ATO Updates Decision Impact Statement – CFMMEU v Personnel Contracting The ATO has released a Decision Impact Statement on the High Court's decision in Construction, Forestry, Maritime, Mining and Energy Union v Personnel Contracting Pty Ltd [2022] HCA 1 (CFMMEU v...

News and Events The ATO has published their long-awaited guidance on section 100A (reimbursement agreements) and it has caused shockwaves throughout the tax community. Join Daniel Taborsky, Director of Birchstone Tax Law, as he analyses section 100A from a tax...