Assuming last is required, the following 4075 results were found.

  1. Treasury’s taxation of trusts consultation ends before it begins

    trustees, businesses, and families who will bear the practical consequences of any change. By definition, it would last months at a minimum. Against that backdrop, the decision to provide only three weeks for submissions (during the winter school...

  2. Treasury undertakes review of insolvent trading safe harbour legislation

    a restructure will now come under review in a bid to make the provisions available to a broader cohort. The Treasury last week opened the consultation process on a review of the Treasury Laws Amendment (2017 Enterprise Incentives No. 2) Act 2017, which...

  3. Treasury reveals director ID regime details

    a unique director identification number as the Treasury reveals more details on the incoming program. Laws passed in June last year will soon see new and current directors required to apply for a director identification number (director ID) which they...

  4. Treasury reveals Board of Taxation, TPB chair appointments

    Practitioners Board while KPMG Australia partner David Bradbury will chair the Board of Taxation (BoT), Treasury announced last Friday (27 March). In a joint statement, Treasurer Jim Chalmers and Assistant Treasurer Daniel Mulino said the appointments...

  5. Treasury releases draft amendments to code of conduct instrument

    has provided. In addition, tax and BAS agents will need to disclose the following events that occurred within the last 5 years: • Certain breaches of the Act or instruments made under the Act that have led to penalties or other sanctions; • Matters...

  6. Treasury opens consultation for Div 296 just in time for Christmas

    super tax bill period just in time for the holiday season, giving stakeholders until 16 January to respond with feedback. Last Friday (19 December), Treasurer Jim Chalmers released updated draft legislation for his Division 296 super tax, which was...

  7. Treasury finds $27bn in JobKeeper paid to ineligible businesses

    of developments that have fuelled calls for the publication of JobKeeper “profiteers”, after the ATO told a Senate inquiry last month that it had let businesses off the hook for more than $180 million in misfired JobKeeper payments. Tax Commissioner...

  8. Treasury defends absence of JobKeeper clawback mechanism

    have now agreed to voluntarily repay JobKeeper payments in the order of $180 million. An Ownership Matters report released last week showed that 58 of the 66 ASX 300 companies which received the government’s $93 billion JobKeeper wage subsidy between...

  9. Treasury considers five-fold increase to statutory demand threshold

    not kept up with inflation. The only time the threshold has been raised was in response to the economic impact of COVID-19 last year when it was increased to $20,000 up until 31 December 2020. The Treasury believes there is merit in permanently raising...

  10. Treasury concerned about rising income tax rates, pre-roundtable briefing reveals

    in pre-event documents circulated to attendees. The annotated roundtable agenda, released under Freedom of Information last Friday (31 October), revealed that the government was growing concerned about Australia's increasing reliance on income tax to...

  11. Treasury challenges popular payroll tax gripes

    the most disincentivising tax for any business,” Anderson Tax & Consulting director, Debra Anderson, told Accountants Daily last month. “Many businesses attempt to change their structures to avoid paying it. I personally hate it and would love to see it...

  12. Treasury CGT defence panned, questions raised

    been criticised, with opponents concerned that little to no amendments will be considered. Fronting a parliamentary hearing last week, Treasury’s corporate and international tax division head Paul McCullough said the Treasury Laws Amendment (Reducing...

  13. Treasury boss hails ‘rapid’ ATO stimulus delivery

    looking into the government’s COVID-19 response, Mr Kennedy said $10 billion in stimulus measures had been paid out over the last three weeks, with three times that amount expected over the next month. However, he pushed back on a line of inquiry that...

  14. Treasurer urges non-complacency as employees return to office environment

    reach as high as 15 per cent. As you know, it’s at 4.5 per cent today, a 12-year low. We saw GDP fall in the June quarter last year by its greatest number on record. And we have also seen across the rest of the economy a dislocation as the health...

  15. Treasurer sends warning to premiers as JobKeeper ends

    for premiers to “think twice” before closing borders echoed similar advice offered by Prime Minister Scott Morrison, who last week suggested premiers heed the economic risks posed by such measures. The Morrison government’s $90 billion JobKeeper...

  16. Treasurer reveals additional cost-of-living relief solutions

    other measures to help Australians tackle the cost of living. More cost-of-living relief measures were rolled out on Friday last week to provide more help for Australians around the country, according to Treasurer Jim Chalmers. Chalmers said the...

  17. Treasurer makes moves to prevent 'overtax' in Australia

    the room to ensure that they don't overtax the Australian economy and drive down growth.” Mr Morrison believes that at the last election, Labor abolished their commitment to a tax-to-GDP cap despite the fact they introduced it when they were last in...

  18. Treasurer details tax-free coronavirus grants

    coronavirus grant programs will now be exempt from income tax following a declaration from Treasurer Josh Frydenberg. Last month, legislation was passed to make certain grant payments non-assessable non-exempt income so that these payments are not...

  19. Transfer balance cap for super to jump to $2m

    (AWOTE) figure is released next month. “For us to get indexation of the caps we need to get a factor of 1993.5 and the last factor release was 1923.40, so you could pretty much guarantee that we’re not seeing a contribution at indexation even though...

  20. Transaction requests glitch strikes at ATO

    The issue follows the transition of the SBSCH system from the Department of Human Services to the ATO’s online services last year, which saw a number of teething issues, including delays to processing and crediting of payments. The issue brought about...

    • Type: Article
    • Author: Reporter
    • Category: Tax