CGT Rollover relief for changes to entity structure On 8 March 2016, the Tax Laws Amendment (Small Business Restructure Rollover) Act 2016 received royal assent. This roll-over was announced in the 2015-16 budget as part of the Growing Jobs and Small Business package. Broadly, this Act : provides greater flexibility for small business owners to […]
A quarter to forget on the ASX, and the next isn’t looking great
[vc_row][vc_column][vc_column_text]A quarter to forget on the ASX, and the next isn’t looking great The Australian sharemarket has suffered its worst quarter in four years, and fund managers say the volatility that characterised it is likely to continue into the fourth quarter, led by the global themes of China and US interest rates. The benchmark S&P/ASX 200 […]
Gerry Harvey dismisses talk GST too costly to collect on overseas purchases
Gerry Harvey dismisses talk GST too costly to collect on overseas purchases Outspoken retailer Gerry Harvey today dismissed claims that the GST on overseas online purchases would cost more to collect than it raises. The founder of Harvey Norman said the Australian government had already spent a “fortune” investigating the impact of cutting the GST threshold on overseas online purchases, […]
Economic Statement 2013
[vc_row][vc_column][vc_column_text] Economic Statement 2013  Today, the Treasurer, Chris Bowen MP, and the Minister for Finance and Deregulation, Senator Penny Wong, released the Government’s Economic Statement, detailing the short and medium‑term economic outlook facing Australia, the challenges ahead, and the path to budget surplus in 2016-17. The Economic Statement shows that despite significant downgrades to tax […]