Australia

Thursday 30 April 2015 

(1) Release of a discussion draft on BEPS Action 8 (Cost contribution arrangements)
(2) Treasury releases ED on scrip for scrip roll-over
(3) ATO Taxpayer Alert -Dividend stripping arrangements
(4) ATO website update
(5) PBO National fiscal trends - Report 1/2015
(6) BCA address to the National Press Club
(7) ACNC Charity Register launched
(8) BCA comments on post-2020 emission target

(1) Release of a discussion draft on BEPS Action 8 (Cost contribution arrangements)

On 29 April 2015, the OECD released for public comments a discussion draft which addresses Action 8 of the Action Plan on BEPS.

(2) Treasury releases ED on scrip for scrip roll-over

On 29 April 2015, Treasury released Exposure Draft of legislation to amend the scrip for scrip roll over relief provisions.

(3) ATO Taxpayer Alert -Dividend stripping arrangements

On 30 April 2015, the ATO released the Taxpayer Alert TA 2015/1 on dividend stripping arrangements involving the transfer of private company shares to a self-managed superannuation fund.

(4) ATO website update

  • Taxable payments annual report
  • Non-Profit News Service No. 0422 - Earthquake in Nepal
  • SuperStream webinars for accounting professionals
  • Key superannuation rates and thresholds
  • Practical tips - income tax
  • Current portal issues
  • Review or objection - try the quicker solution
  • Business and practitioner - troubleshooting
  • Case study: Don't get lured by 'too good' to be true offers
  • Case study: Beware of tax schemes targeting your generosity
  • ATO announces changes for Albury staff
  • Tax assistance for people affected by severe weather in New South Wales

(5) PBO National fiscal trends - Report 1/2015

The PBO has released a report, National fiscal trends, that analyses revenue, expenditure, net capital investment and the net debt position across all levels of Australian government.

(6) BCA address to the National Press Club

On 29 April 202015, the President of the BCA, Catherine Livingstone addressed the National Press Club discussing the upcoming Federal Budget 2015-16, the technological, global economic and demographic disruption, Three P’s, health, education and retirement income policies.

(7) ACNC Charity Register launched

On 29 April 202015, the Australian Charities and Not-for-profits Commission (ACNC) launched the Charity Register, which is a database of charities detailing financial information and audited reports.

(8) BCA comments on post-2020 emission target

On 29 April 202015, the BCA issued a response to the Issues Paper entitled Setting Australia's post-2020 target for greenhouse gas emissions.

 

 

 

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