Category Archives: Uncategorized

An amnesty that is too late…

On 24 May 2018, the Government introduced the Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2018, proposing a Superannuation Guarantee Amnesty, so that if you let the Commissioner know of any unpaid super all the way back to 1992, … Continue reading

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SMSFs and Non-Arms Length Expenses

The Commissioner has released a draft Ruling (LCR 2018/D10 Non-arm’s length income – expenditure incurred under a non-arm’s length arrangement) on the proposed amendments to section 295-550 so that the non arms length income rules for super funds will apply … Continue reading

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Can Australia fix its public finances if those evil big businesses paid their fair share of tax?

I doubt there are any, but if there are any regular readers of this crazy blog, they will know I have for many years screamed at the argument that Australia can fix its public finances if only those evil big … Continue reading

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A paper on the proposed changes to Division 7A

If you want more analysis of the Treasury’s proposed changes to Division 7A in its October 2018 paper, and lots of complaints about how they have handled the process and the outcomes, I have written a paper on it that … Continue reading

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Division 7A – Changes, changes and more changes proposed to start from 1 July 2019

The Government has promised a series of changes to Division 7A and we have finally got an idea of what these changes will be.  Remember this is just a discussion paper, but I am confident these all will occur. Change … Continue reading

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No deductions for expenses related to holding vacant land

On Budget night in May the Treasurer indicated there would be changes from 1 July 2019 that would deny some deductions for expenses related to holding vacant land. In Exposure Draft – Treasury Laws Amendment (Measures For A Later Sitting) Bill … Continue reading

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Yes, changes to company tax rates again…

But not for a few years… As we have previously discussed here, there are two company tax rates. They are 30%, or if the company has an aggregated turnover under $50m ($25m last year) and has less than 80% of … Continue reading

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