The ATO has, for many years, targeted different taxpayers and taxpayer groups according to their compliance risk levels and histories as part of its "co-operative compliance" program.
Over the past few years the ATO has continued to further develop this program.
The UNCTAD Survey 2009-2011 ranks Australia in the top 10 of the most attractive countries in which to invest. Whilst domestic growth eased in 2009, it is picking up and the general consensus to date is that most of the problems directly related with the GFC did not significantly affect Australian financial institutions.
The New South Wales Government has introduced into Parliament the State Revenue Legislation Further Amendment Bill 2009. Once it is enacted in the next week or so it will significantly impact:
Secured lending.
Dealings in shares and units in landowning private companies and unit trusts.
Takeovers of landowning listed companies and listed …
Several important changes have recently been made, and further changes are proposed to be made, to the Victorian Duties Act 2000 (the Act). Changes already implemented have:
expanded the application of the sub-sale rules to fractional sub-sales; and
amended the exemption for property moved in and out of a bare trust arrangement.
The Minister for Climate Change and Water, Penny Wong has released a White Paper, which sets out elements of the Carbon Pollution Reduction Scheme (CPRS) , a medium-term target range for the reduction of carbon pollution in Australia and an indicative emissions trajectory for 2010-2013.
In this briefing, Maddocks identifies the main features of the scheme, notes aspects …