• Proposed Tax Law Amendments — A Bill has been introduced into Parliament seeking to increase the research and development expenditure cap and to make minor technical corrections to tax legislation. More.

• Tax Law Amendments — An Act has been passed to temporarily reduce the superannuation government co-contribution and to reduce the superannuation concessional contributions cap. More.

• Deemed Dividends — The AAT has held that a taxpayer was liable to the deemed dividends provisions for monies owed to a private company which were deposited into her bank account. More.

• GST and Credit Card Surcharge Fees — The GST treatment of credit card surcharge fees charged by merchants is dependent on the GST characterisation of the underlying supply. More.

• Superannuation Guarantee Charge — A partnership was found to be liable for superannuation guarantee for an independent contractor operating within its business. More.

• Superannuation Guarantee Regulations — Employers are not required to provide superannuation guarantee payments for paid parental leave and ancillary leave payments. More.

• Superannuation-related Taxpayer Alert — A Taxpayer Alert has been issued warning SMSF trustees about an arrangement which may breach the superannuation laws. More.

• Share Transaction Data Matching Program — The Tax Office will be conducting a data matching project to ensure compliance with tax law. More.

• Various Rates and Thresholds — New rates and thresholds have been provided relating to superannuation, income tax and general interest charge.

Please contact us if you wish to discuss how the points raised in Client Alert specifically affect you.