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Draft Legislation Articles

ATO focus on personal services businesses

The ATO has set out some of its criteria for its risk approach to selecting businesses for an ATO audit.

30% tax on super earnings above $3m

Treasury has released draft legislation to enact the Government’s plan to increase the tax rate on earnings on superannuation balances above $3m from 15% to 30% from 1 July 2025.

What is a School?

The ATO's definition of a 'school' has been shaken up by a recent Federal Court decision.

Let’s get digital!

The ‘Small Business Technology Investment Boost’ is currently sitting with parliament, but with a potential 20% bonus deduction to businesses, it could represent a timely boost amidst rising costs.

Fringe Benefits Tax Exemption: The Latest Electric Car Incentive

The government's proposed Treasury Laws Amendment (Electric Car Discount) Bill 2022 provides for an FBT exemption for employer-provided cars that are classified as zero or low emission vehicles.

New laws target sharing economy platforms

In an attempt to reign in undeclared income, proposed new laws will require platform providers in the sharing economy to report all transactions through their platforms.