ALP commits to introducing MySuper from July 2013
The ALP has announced that, if re-elected, it would introduce a simple, low-cost super product called “MySuper” from 1 July 2013 which would replace existing default funds. The product is designed for members who do not exercise choice or nominate a fund, or where a default fund is specified in a modern Award or industrial agreement. Only ...more
CGT scrip-for-scrip rollover – law to be amended with effect from 6 Jan 2010
On 6 January 2010, the Assistant Treasurer announced that the Government will introduce legislative changes relating to the requirements for the scrip-for-scrip CGT roll-over in respect of takeovers and mergers approved under the Corporations Act 2001. Senator Sherry said that, as the law stands, the scrip-for-scrip roll-over may not be available to shareholders even though ...more
Tax agent services regulations
The Assistant Treasurer, Senator Nick Sherry, today [Fri 23.10.2009] announced the proposed final form of the Tax Agent Services Regulations 2009. The proposed Regulations contain key aspects of the tax agents’ services regime, including the qualifications and relevant work experience requirements for registration as a tax agent or BAS agent under the new tax agent services regime. They include new features that take account of submissions received during the final round of public
Tax Office Industry Benchmarks
The First Home Saver Accounts Bill 2008 received Royal Assent on 25 June 2008. From 1 October 2008, accounts can be offered by banks, building societies and credit unions, public offer superannuation providers, life insurance companies and friendly societies.
First Home Saver Accounts Bill 2008
The First Home Saver Accounts Bill 2008 received Royal Assent on 25 June 2008. From 1 October 2008, accounts can be offered by banks, building societies and credit unions, public offer superannuation providers, life insurance companies and friendly societies.
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