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Get ready! It’s the tax time.

Probably this year went through loads of difficult shifts; some unusual and unseen incidents have affected the economy worldwide. All of us did work from home, while most of us relied on the government’s assistance. But, as the end of the financial year is nearer, the lines of worriment may be visible on your forehead. […]
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Superannuation guarantee contributions not payable for additional hours or public holidays

The Full Federal Court has held that superannuation guarantee contributions were not payable by an employer in respect of the “additional hours” and “public holidays” components of employees’ salaries since these components did not form part of “ordinary time earnings”. In doing so, it allowed the employer’s appeal against the primary judge’s decision reported at [2018] […]
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Regulations made to correct technical and drafting defects in super and tax laws

Regulations have been made to correct technical and drafting defects, and remove anomalies and inoperative provisions to the competition, corporations, superannuation and taxation laws. The Treasury Laws Amendment (Miscellaneous Amendments) Regulations 2018 (F2018L01691) make amendments to the following: the Income Tax Assessment Regulations 1997 the A New Tax System (Australian Business Number) Regulations 1999 the Superannuation Industry […]
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