Monthly Archives: June 2013

Statutory Definition of

A bill defining “charity” passed through the Australian Senate last night. Up until now, “charity” has been defined by 400 years of court decisions so this is a significant development for the not-for-profit sector.

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The excess super contributions sting

As we near 30th June, clients should take care to ensure they do not exceed their $25,000 maximum super contribution limit for 2013. A bit of good news on this front is that this week saw the introduction of legislation … Continue reading

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Removing the CGT discount for foreign individuals

This Bill proposes to remove the capital gains tax (CGT) discount on capital gains accrued after 8 May 2012 for foreign resident and temporary resident individuals. The Bill also makes consequential amendments to ITAA 1997. Note, however, the CGT discount … Continue reading

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