The Government intends to introduce a temporary flood levy in the 2011/12 financial year, to assist with part of the costs of rebuilding infrastructure following the recent floods. It is proposed that the levy will not be paid by those affected by the floods or by...

All business owners should consider what would happen to their business if they were unavailable for any extended period. How would the running costs be met? What would happen to their customer relationships? How would it affect personal income? Such risks can be...

The ATO received specific funding in the 2010 Budget to look closely at GST compliance, and will be implementing a dedicated program over the next four years to deal with some specific compliance issues. The timely lodgment of activity statements; Verifying GST refund...

In its final phase, the Cooper Review focused on the structure of super funds, and in particular self-managed superannuation funds (SMSFs). The focus on SMSFs is not surprising, as they are the fastest growing sector of the superannuation industry and now make up 31...