February 2015 Newsletter
Borrowing by superannuation funds under scrutiny
Late last year, the Murray Financial System Inquiry called on the Government to restore the general prohibition on direct borrowings by...
Bitcoin and ATO approach to past transactions
The ATO has finalised a number of its rulings (a GST Ruling and several Income Tax Determinations) relating to the application of the tax laws for Bitcoin...
Are your superannuation savings goals on track?
Superannuation should never be a “set and forget” strategy. With the new calendar year here, now is a good time to review your circumstances...
GST treatment of credit card surcharges - GSTR 2014-2
The ATO has issued a Ruling which explains the goods and services tax (GST) treatment of a surcharge imposed by a merchant on a customer in respect of a credit card transaction...
Tax Inspector's proposed new complaint-handling powers
The Inspector-General of Taxation is about to obtain new powers to be able to hear tax complaints from individuals. The Government has introduced a Bill into Parliament...