ATO reviews the legitimacy of not-for-profit set ups ATO reviews the legitimacy of not-for-profit set ups The ATO is reviewing arrangements by taxpayers located primarily in northern NSW and southern Queensland who may be incorrectly claiming to be a not-for-profit organisation in order to avoid paying tax. Assistant Commissioner Scott Parkinson said that the ATO […]
Port Stephens oysters ‘no food risk’ after Williamtown contamination
Port Stephens oysters ‘no food risk’ after Williamtown contamination: NSW Chief Scientist TESTING on Port Stephens oysters has indicated that they pose no food safety risk, according to the office of the NSW Chief Scientist. Fishing and oyster harvest bans have been in place around the Tilligerry Peninsula for nearly a month after toxic perfluoro-octane […]
Future of Newcastle’s city centre
Future of Newcastle’s city centre It’s the deal that may have achieved a first in the debate about the future of Newcastle’s city centre: unity agreement. The NSW government on Tuesday announced it had purchased The Store, paving the way for a revamp of plans for the Wickham transport interchange project. The Hunter Street property backs […]
Retail giant David Jones on plan for Stockland Green Hills revamp
Retail giant David Jones on plan for Stockland Green Hills revamp Exciting Local News! A David Jones store has been included in revised plans for the revamped Stockland shopping centre at Green Hills. Maitland City Council sent a letter to neighbouring business owners on July 2 to alert them that modified plans for the major […]
Tax assistance for people affected by severe weather
Tax assistance for people affected by severe weather Have you been affected by the recent severe weather throughout NSW? The ATO understands that dealing with your tax affairs is probably the last thing on your mind. Your tax obligations can be put to one side until you have dealt with the immediate effects of the […]
Typical ‘Self Managed Superfund’ Profile
Typical ‘Self Managed Superfund’ Profile Typical self managed superfund profile The latest ATO statistics on SMSFs highlight some interesting observations that can be made about the current batch of SMSF trustees. The total amount of wealth owned via SMSFs is over $500 billion, just under a third (31.2%) of all money invested via superannuation funds. […]
Tax scam: non-residents with rental properties
Tax scam: non-residents with rental properties NSW Fair Trading Minister, Stuart Ayres, has warned people to be wary of tax scams and they should be reported to the ATO. Mr Ayres said NSW Fair Trading had recently received a report of a scam letter featuring fake ATO branding (as well as branding from other revenue […]