CURRENT NEWS

On 9 May 2017, the Government announced an extension to the 2015-16 Budget measure providing an instant asset write-off provision for small business. Small businesses can immediately deduct the business portion of most assets if they cost less than $20,000 and were...

On 9 May 2017, the Government announced that limited recourse borrowing arrangements (LRBAs) entered into after 30 June 2017 will be treated differently to improve the integrity of the superannuation system. The outstanding balance of a relevant LRBA will be included...

On 9 May 2017, Scott Morrison handed down the 2017 Australian Federal Budget.  The Budget contained a number of new revenue raising measures including a proposed increase in the Medicare levy and a levy on the liabilities of large banks, balanced with tax incentives...

On 29 November 2016, the Treasury Laws Amendment (Fair and Sustainable Superannuation) Bill 2016 received royal asset, bringing some of the most wide ranging changes to the Australian superannuation legislation for at least 10 years.  These changes were foreshadowed...

Elimination of principal place of residence exemption Foreign investors will not be able to treat the sale of a property as being exempt from CGT under the principal place of residence exemption from budget night, 9 May 2017.  This measure will be grandfathered to 30...