New self-reporting requirements for nonprofit organisations: 2023-24
In May 2021, the federal government unveiled changes to the tax administration of Nonprofit (NFP) organisations that self-assess as income tax exempt. The…
Updates to NSW Land Tax and Stamp Duty
In this article we take a look at some important changes made to the Duties Act 1997 (NSW), as well as some updates to NSW land tax coming in 2023. CPN 02…
The tax consequences of reimbursement agreements
With Draft Taxation Ruling 2022/D1 comes clarity as the application of the reimbursement agreement provisions, and a warning as to the strict consequences…
Common Issues with Trusts – Revenue NSW & Surcharge Land Tax
Of late we have seen a number of clients with land tax controversies with Revenue NSW. The most common issue we are currently seeing concerns discretionar…
An update on the remote witnessing and electronic execution of deeds
This article takes a brief look at the current state of affairs for the remote witnessing and electronic execution of deeds across Australian jurisdiction…
Trust Law Issues
In a recent Victorian Supreme Court decision in Re McGowan & Valentini Trusts [2021] VSC 154, the Court held in favour of the trustee. Within that cas…