Australia

Latest Edition - Friday 22 May 2015 

(1) New Zealand Budget 2015-16
(2) ATO Interpretative Decisions - 22 May 2015
(3) ATO website update
(4) PC draft report on Business Set-up, Transfer and Closure

(1) New Zealand Budget 2015-16

On 21 May 2015, the Finance Minister, Bill English, handed down the Government's Budget for 2015-16.


(2) ATO Interpretative Decisions - 22 May 2015

On 22 May 2015, the Australian Taxation Office (ATO) released one interpretative decision and withdrew one.

 

(3) ATO website update

  • Non-Profit News Service No 0423 - Public ancillary fund - transitional period closing soon
  • Zone Tax Offset - exclude 'fly-in-fly-out
  • R&D tax incentive-attracting our attention
  • Release of superannuation for terminal medical condition - relaxing criteria
  • SuperStream for Indigenous employers
  • Statutory Remedial Power
  • Reducing red tape - reforms to the Australian Taxation Office
  • Introduction to phoenix businesses video transcript
  • Taxi travel services


(4) PC draft report on Business Set-up, Transfer and Closure

On 21 May 2015, the Productivity Commission (PC) released a draft report entitled Business Set-up, Transfer and Closure.

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