• Tax Office Compliance Program 2009/10 — The Tax Office has released its compliance program for 2009/10. More.

• New Advice Program for SMSFs — Self-managed superannuation funds can seek non-binding advice on the operation of the superannuation laws under a new program introduced by the Tax Office. More.

• SMSFs and Disposal of Shares — The Tax Office has given its view on whether a complying superannuation fund can claim a revenue loss on the disposal of shares. More.

• Victory for Sham Victim — The AAT has held that a taxpayer, who was a victim of a sham, was entitled to deduct interest and bank charges incurred on loans. More.

• Director Liable to Indemnify Commissoner — The NSW Supreme Court has ordered a director of an insolvent company to indemnify the Commissioner for amounts the company recovered from the Commissioner. More.

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