Our Insights
Beware of scams
Scamwatch is warning of the cost of scams Australian consumers, businesses and the economy lose hundreds of millions of dollars each year and suffer serious
Super is now following new employees
New super rules from 1 November 2021 The ATO is reminding employers that, as of 1 November 2021, there is an extra step they may
Data matching update
AUSTRAC transaction report information data-matching program The ATO will acquire transaction report information data from AUSTRAC for the period of 17 June 2021 through to
Changes to AGMs and e-communications
Permanent changes to AGMs and electronic communications The Government has introduced into Parliament a Bill to permanently allow companies to use technology to meet their
Varying PAYG instalments due to COVID-19
Pay as you go (‘PAYG’) instalments Taxpayers can vary their pay as you go (‘PAYG’) instalments throughout the year if they think they will pay
Director ID regime
Preparing for the new Director ID regime As part of its Digital Business Plan, the Government announced the full implementation of the ‘Modernising Business Registers’
Documenting gifts or loans from related overseas entities
Disguising undeclared foreign income as a gift or loan The ATO is currently reviewing certain arrangements where Australian taxpayers seek to disguise undeclared foreign income
Reminder for first-time share investors to declare income
Exchange Traded Funds (‘ETF’) investors With the growth of micro-investment platforms helping new investors enter the market, the ATO has issued a reminder for first-time
Paid Parental Leave changes support parents in lockdown
Paid Parental Leave changes The Paid Parental Leave (‘PPL’) scheme has been amended to enable expectant parents whose work has been affected by COVID-19 lockdowns
ATO support for employers with expansion of STP
STP Phase 2 As part of the expansion of Single Touch Payroll (known as STP Phase 2), from 1 January 2022, employers will need to
SG obligations for September 2021 quarter
Reminder of SG obligations for September 2021 quarter Under the Superannuation Guarantee (‘SG’) scheme, employers are required to make quarterly contributions on behalf of their
Extra super step when hiring new employees
Stapled super funds Employers may soon need to do something extra when a new employee starts to work for them. Currently, if a new employee
