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Don't Play The Losers Game
01/02/2012
Happy New Year and welcome to the first Investment Insights for 2012.
GST financial supply changes to impact on the managed funds industry
19/01/2012
On 13 January 2012 Treasury released an exposure draft of regulations which will impact on the manner in which managed funds calculate their GST liabilities. The managed funds industry will be particularly concerned with changes which specifically target situations where a trustee/responsible entity charges a single, “bundled” fee to a managed fund. If adopted, the regulations would limit the reduced input tax credit (RITC) the fund can claim for GST paid on this fee to 55% of GST paid. This compares to the current situation where a managed fund can generally claim an RITC equal to 75% of the GST paid.
[No Title]
17/01/2012
On the 22nd of December last year the Commissioner of Taxation (the “Commissioner”) presented the wider tax community with an early Christmas gift in the form of TR 2011/D8 (the “draft ruling”). This draft ruling builds on a discussion paper released on 21 June 2011 by the Commissioner in response to the amendments to the Corporations Act 2001 (“Corporations Act”) that impact on when a company can pay a dividend (refer to section 254T of the Corporations Act).
Building better leaders in the mid tier space
16/01/2012
Queensland accountants are set to be better equipped with leadership and management skills, with the introduction of an innovative new training program.
[No Title]
06/01/2012
Following our recent submissions on the Government’s consultation paper regarding a statutory definition of charity (click here to read), the Federal Government’s reform agenda continues at a rapid pace with the release on 9 December 2011 of 2 more major elements of the reform being:
[No Title]
21/12/2011
On 16 December 2011, the Government released their response to the final element of the Australia's proposed Investment Manager Regime ('IMR') outlined in the Board of Taxation's Report. The proposed start date for the IMR is 1 July 2011.
