Better than expected surplus Honouring the tradition of always surprising on the upside, the Treasurer and Finance Minister have proudly announced a better than expected budget surplus of $15.8 billion for 2023-24. While that might seem like a big number,...

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Commencement Date Delayed for Code Changes Following intense lobbying efforts by the professional associations (including Institute of Financial Professionals Australia), the Assistant Treasurer has responded to our concerns by delaying the commencement date for the Legislative Instrument (LI) modifying the...

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Instant asset write-off Bill passes The Treasury Laws Amendment (Support for Small Business and Charities and Other Measures) Act 2023 received Royal Assent on 28 June 2024 as Act No 52 of 2024. Among other things, it provides that for assets acquired...

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ATO releases synthesised text of tax treaty with China The ATO has released the synthesised text of Australia's double taxation agreement (DTA) with China to now include modifications made to by the Multilateral Convention to Implement Tax Treaty Measures to Prevent Base...

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TPB: Draft guidance on breach reporting obligations The Tax Practitioners Board (TPB) has released draft guidance on breach reporting obligations which apply to registered tax practitioners from 1 July 2024. The draft guidance is aimed at assisting tax practitioners with awareness, education...

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his month’s edition of our client newsletter sets out six different strategies for boosting your superannuation nest egg while potentially saving on tax. This is followed by an item that explains what happens to your tax status on leaving Australia...

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Daily Update for Mon 11 March 2023 There will be no Daily Update published on Monday 11 March 2024due to the Public Holiday in Victoria.Publication of the Daily Update will resume on Tuesday 12 March 2024 Super on Government Paid...

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This edition of our client newsletter features a run down on what taxpayers can do to maximise the benefits of the Stage 3 tax cuts that have recently been passed by Parliament. It explores some options for shifting taxable income...

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