Reading RoomThe 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.
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The Federal Court has again sent a very clear signal to businesses: they will not succeed in avoiding statutory obligations by the disguise of employment relationships.
On 13 April 2011 the Federal Court (Bromberg J) dismissed an appeal by On Call Interpreters and Translators Agency Pty Ltd (On Call) against an objection decision by the Commissioner that On Call was liable …
This week the Australian Tax Office (ATO) indicated that company boards will in future be expected to be responsible for identifying tax positions that are 'contestable' and therefore susceptible to challenge by the ATO. This effectively co-opts directors into the frontline of the ATO's information gathering capability and represents a seismic shift in the manner …
The spotlight of the Commissioner of Taxation remains firmly on cross border transactions by individuals, trusts and corporate entities. As the ATO itself declares: 'five years on and still watching'[1].
Australia's compliance system and collection of tax operates under the concept of "self assessment". Currently, a company need only provide the basic details of its taxable income in its annual company tax return form (Form C). Using the company …
The reach and scope of the general anti-avoidance provisions in Part IVA is often underestimated. The Commissioner has a good track record in Part IVA litigation – see Peabody, Spotless and Hart, and the latest decision continues …
The Commissioner recently released his Compliance Plan for 2010-11.
Directors, CFOs, group accountants and tax managers would be well advised to read its 47 pages as it highlights the Commissioner's focus areas for the coming year and what …
The Federal Court of Australia delivered judgment in the matters of Lansell House Pty Ltd and Perfek Pty Ltd v. Commissioner of Taxation (VID 1034/1035 of 2008) on Friday 9 April 2010. The taxpayers’ applications were dismissed.
To view the full Update, please download PDF.
Urban Growth Boundary (UGB): Growth Areas Infrastrucutre Contribution (GAIC): Draft Exposure Bill October 2009.
On 16 October 2009 the Victorian Government released the GAIC Draft Exposure Bill for public comment.
To view the full Update, please download PDF.