10/02/2021
01/02/2021
The Australian Stock Exchange (ASX) extends lodgement deadlines for audited or reviewed half-year accounts and annual reports of listed entities with reporting periods up to 7 January 2021. The Australian Securities and Investments Commission (ASIC) has extended financial reporting deadlines for listed and unlisted companies by one month for entities with reporting periods up to […]
27/01/2021
What do business owners need to consider before selling, for the supply of a going concern to be characterised as GST-free? COVID-19 restrictions have led to adverse trading conditions, causing some businesses to temporarily close or downsize their operations. These range from the small CBD coffee cart in the office foyer, through to huge airlines […]
16/12/2020
On 6 November 2020, a unanimous decision was released by the Full Federal Court of Australia (the Court) in favour of the taxpayer in a significant transfer pricing appeal (1) involving $241 million amended income tax assessment (2). The initial court decision handed down two years ago. Case background The dispute between Glencore and the […]
09/12/2020
Thank you for your continued support throughout 2020. We wish you and your family a safe and happy holiday season. Our offices will be closed from Monday 21 December 2020 to Sunday 10 January 2021 inclusive.
04/12/2020
The QLD Government has announced a number of measures focussing on supporting businesses and creating more jobs within the state, including an infrastructure program to back recovery. Key takeaways $14.8bn infrastructure spending in 2020-21 – largest annual commitment in over a decade Infrastructure focus on roads and rail with key links in South East QLD, […]
01/12/2020
Grants of up to $1M are available for Australian manufacturers in key priority sectors. Updated: 9 December 2020 The Federal Government is offering manufacturing grants of up to $1M to attract the adaptation of new technologies, modernise manufacturing processes, create jobs and increase productivity in key priority sectors. Grants are offered on a 1:3 funding basis, with the […]
27/11/2020
As one of the biggest financial barriers to homeowners, the proposed changes to the NSW Stamp Duty regime may bring NSW residents the freedom to pay an annual property tax instead of an upfront duty. A consultation Paper, which proposes to replace the current stamp duty and land tax with a single annual property tax […]
26/11/2020
Key takeaways $300m to address regional telecommunication blackspots $2bn Breakthrough Victoria Fund and the Agricultural College Modernisation Program $30m for the Agriculture Energy Investment Fund Funding to support Victoria’s agricultural exporters Funding to assess regional Victoria’s agriculture industry skill needs. Impact to your business Funding which improves connectivity is welcomed and will help attract more […]
25/11/2020
Key Takeaways Property $6bn Big Housing Build package 12,200 new social and affordable homes $111m to implement planning reforms and reduce red tape to fast-track new projects Stamp duty waiver of 50% on new residential property transactions of up to $1m (worth up to $27,500) Stamp duty waiver of 25% on existing residential property transactions of up […]