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Div 7A to be amended and s 108 to be abolished |
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| Investment in Instalment Warrants by Superannuation Funds Allowed The Assistant Treasurer has announced that the Government will allow superannuation funds to continue to invest in instalment warrants, which is consistent with longstanding administrative practice. The Commissioner of Taxation has concluded that instalment warrants constitute a borrowing under section 67 of SIS Act and therefore are not allowable. The regulators have concluded that the investment in these warrants is a long standing practice amongst superannuation funds but contravenes the SIS Act. The government will therefore legislate to allow the practice to continue .. read more > |
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| Simplified Super now a Reality The Government's superannuation overhaul, which sees tax abolished on benefits paid from superannuation funds for persons over 60 years old, is anticipated to be passed in March 2007 allowing a three-month transition period. For details on the new changes please refer to the link below .. read more > |
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| One in three small businesses fail to maximise IT Investment One in three small businesses in Australia are not getting the full value from their information technology systems due to under utilisation or lack of computer skills. About only 10 per cent of CPA Australia public practitioners believe their small business clients are getting the maximum benefit from there IT investments. For further information refer to link below .. read more > |
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| Australia ’s approach to GST Administration | ||
Twenty Years of GST: The Best Path Forward, Conference 16-18 November 2006, Wellington, New Zealand .. read more > |
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