Insights

ATO Updates Draft update to GST ruling on financial supplies and related supplies and acquisitions The ATO has released GSTR 2022/2DC1, a draft consolidation outlining proposed changes to GSTR 2022/2 (which covers the Commissioner's view of the GST treatment of...

ATO Updates Release of July exchange rates The ATO has released the average foreign exchange rates for July 2022 for the purposes of converting foreign income into Australian dollars.  Class Rulings issued The ATO has issued the following class rulings: CR 2022/69 —...

ATO Updates ATO expands GST-free treatment of residential care in retirement villages and nursing homes The ATO has released an addendum to GSTR 2012/3 broadening the circumstances in which the Commissioner considers that the operator of a retirement village provides...

Dan's Deliberations Sub-trusts are dead! On 13 July 2022, the ATO finalised its tax determination (TD 2022/11) which sets out the Commissioner's view on when an unpaid present entitlement (UPE) constitutes the provision of financial accommodation for Division 7A...

News and Events Section 100A Documentation Pack 30 June has come and gone and now is the time to put in place documentation for your clients to protect against the risk of section 100A applying. Our section 100A documentation pack includes a template letter and...

News and Events We’re excited to announce the promotion of Lisa Monaco and Shivani Jethwa to Associate Directors at Birchstone Tax Law, effective from 1 July 2022. For those who don’t know Lisa or Shivani well: Lisa rarely talks about anything other than death, dying...

News and Events Section 100A Documentation Pack 30 June has come and gone and now is the time to put in place documentation for your clients to protect against the risk of section 100A applying. Our section 100A documentation pack includes a template letter and...

News and Events Section 100A Documentation Pack If you have been wondering what documentation you can put in place to minimise the section 100A risk for your clients, we have a solution for you. We have put together a section 100A documentation pack with a template...

News and Events Section 100A – Practical Tips – What to do before AND after 30 June Everyone is talking about section 100A following the release of the ATO's draft guidance, yet much uncertainty remains with 30 June fast approaching. On Thursday 23 June at 11AM AWST,...