Monthly Archives: June 2015

As a part of the Government's red tape reduction program, the requirements imposed upon domestic building contracts in Queensland will substantially change from 1 July 2015. It is important that all contractors carrying out residential building work in Queensland are aware of the upcoming changes and that they take steps to update their contracts to conform with the new requirements.

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On Wednesday, 3 June 2015, the Aged Care Financing Authority (ACFA) released its report, ‘Factors Influencing the Financial Performance of Residential Aged Care Providers’ (Report). The wealth of data presented in the Report is sure to provoke a dialogue amongst approved providers as to where they sit on the spectrum of financial success and whether their operations can be improved. It provides a useful point of reference for providers to consider when analysing performance.

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Superannuation Case Law Update - June 2015

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The 2015-16 Federal Budget introduced five key tax and regulatory measures to support start-ups. Specifically, the budget introduces deductions for professional costs for start-ups, allows start-ups to change legal structure without incurring CGT liability, enables crowd-sourced equity funding to allow entrepreneurs to raise funds online from a large number of small investors, makes changes to the employee share scheme rules by providing additional tax assistance to eligible companies through a start-up concession and introduces a streamlined process for registering a business.

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In February 2015, the South Australian Government (‘SA Government’) released a State Tax Review Discussion Paper outlining potential tax reforms for the State. One aim of the review is to create a more consistent tax regime between online and land based gambling operators. The SA Government proposes moving the tax base for online gambling from ‘place of supply’ to ‘place of consumption’.

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The High Court of Australia has handed down its decision on an appeal from a judgment of the Court of Appeal of the Supreme Court of New South Wales regarding the arrangements between a registered club and its caterers. The outcome of these cases has implications for clubs when entering into leases or licences over any part of their licensed premises.

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From 1 July 2015 the Victorian Government will impose additional tax on foreign purchasers and absentee owners.

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The Metropolitan Planning Levy commences on 1 July 2015. It will fund the implementation of Plan Melbourne and Metropolitan Planning Authority initiatives and the costs of delivering a more streamlined planning system in Victoria.

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