Australian treasurer Jim Chalmers announced the federal budget on Tuesday, October 25, 2022. This budget aims to create jobs, develop infrastructure, guarantee services and provide confidence to Australian businesses.We are delighted to bring highlights of the budget that will impact the business an ...
Scamwatch Australia
New data released from Scamwatch Australia has reinforced the sophistication and rapidly growing number of scams each year in Australia which has caused a total loss of over $2 billion* during 2021 of which $701 million was related to investment scams. It is extremely important for you to remain vig ...
Residency tests for individualsThe ATO has released a draft ruling on the residency tests for individuals; it consolidates two older rulings. It was indicated in the 2021 budget that it would "replace the individual tax residency rules with a new, modernised framework, and the new framework i ...
Multinational Tax Integrity and Transparency
On 25 October 2022, as part of the 2022–23 Budget, the Government announced a multinational tax integrity package to address the tax avoidance practices of multinational enterprises (MNEs) and improve transparency through better public reporting of MNEs’ tax information. The changes will apply f ...
Businesses directly impacted by the Victorian floods that commenced in October 2022 can access a one-off grant of $5000 to cover immediate expenses. Businesses must be located within an eligible local government area and incurred significant direct damage to their place of business, business ass ...
What is the Commonwealth Seniors Health Card?A concession card to get cheaper health care and some discounts if you've reached pension age.What are the benefits of the Commonwealth Seniors Health Card?With your card, you can get the following:Cheaper medicine under the Pharmaceutical B ...