07/02/2019
Reduced turnover threshold of AUD25m will see many more companies required to lodge a ‘reportable tax position’ (RTP) schedule with their 2019 tax returns. Background Since 2011, the ATO has required certain companies to lodge an RTP schedule with their annual tax return. The RTP schedule requires disclosure of information regarding uncertain tax positions, and […]
06/02/2019
Visa holders, visa sponsors & migration agents will be reviewed for compliance in The Department of Home Affairs visa holders data matching program. This is an initiative developed by The Department of Home Affairs (previously Department of Immigration and Border Protection) and the Australian Taxation Office (ATO). Program objective The program aims to effectively detect and deal […]
30/01/2019
China’s Draft Foreign Investment Law is now available for public review and comments. In essence, it makes China an even more attractive proposition for business. Impact of the proposed changes The Government’s draft contains three significant points that will have an impact on multinational corporations operating within and investing into the People’s Republic of China: […]
21/01/2019
Correct interpretation of the Enterprise Bargaining Agreement for overtime and leave loading will mitigate the risk to University finances and reputation. Impact of misinterpreting the EBA ShineWing Australia, through its extensive work with the Universities, has identified an emerging risk pertaining to the determination of payroll to casual and sessional staff for overtime and leave […]
13/12/2018
It is critical that you remain aware of your Australian tax residency status and the associated Australian tax obligations to avoid unexpected tax liabilities. Australian tax residency can be complicated, and is entirely dependent upon your personal facts and circumstances. In recent years we have experienced increased Australian Taxation Office (ATO) activity in questioning the […]
30/11/2018
Given the significant impact of the proposed changes to Division 7A, we have prepared our own submission on the Consultation Paper. Division 7A applies to private business and investment groups who use companies as part of their structures. The proposals in Treasury’s consultation paper on Targeted Amendments to the Division 7A Integrity Rules have the potential […]
09/11/2018
What is on offer? Matched grants (1:1) are available under three funding tiers: Tier 1 – up to $50,000 to support farmers to replace energy inefficient equipment, install more efficient systems and adopt renewables Tier 2 – between $50,000 to $250,000 to make connected energy improvements across farm systems Tier 3 – $250,000 to $1 […]
09/11/2018
The Federal Government has announced the $7 million Automotive Innovation Lab Access Grants program. The Automotive Innovation Lab Access Grants offer funding for Australian businesses to undertake a range of activities enhancing the automotive product design and development process. A key objective of the program is to support new automotive product development and enhance business […]
15/08/2018
The Federal Government is accepting applications to the $29.7 million Community Sports Infrastructure Grant program. The Community Sports Infrastructure Grant program is providing competitive grants up to $500,000 to improve local community sporting infrastructure and facilitate greater participation in sports and physical activity. What is on offer? Three grant streams are available (matched on a […]
09/08/2018
The Wine Growth Fund aims to develop and sustainably grow the wine industry in Victoria by providing grants to build both domestic and international markets. The Fund supports a range of activities including marketing, exporting, tourism, business development and infrastructure projects. What is on offer? Grants up to a maximum of $20,000 are available to […]