Changes to the myGovID app
September 16, 2021
You may have noticed some changes to your myGovID app, following recent updates.
These changes include the option to verify your photo and set up Strong identity strength. If you choose t...
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ASIC extends time for public companies to hold annual general meetings
September 9, 2021
In a media release, ASIC has formally extended the time public companies have to hold their annual general meetings, due to restrictions on gathering and movement persist during the COVID-1...
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COVID-19 business support programs: data sharing
August 26, 2021
The Treasurer has issued the Taxation Administration (Data Sharing – Relevant COVID-19 Business Support Program) Declaration 2021.
The Declaration lists the programs that have been dec...
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Tax treatment of COVID-19 Government payments: Bill (No 2) 2021 introduced
August 5, 2021
The Treasury Laws Amendment (COVID-19 Economic Response No 2) Bill 2021, introduced in the House of Reps on 3 August 2021 as 5 Schedules to the Bill, proposes amendments to the ITAA 1997 an...
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Common mistakes property investors should avoid: ATO reminder
August 5, 2021
The ATO is reminding property investors to take care when submitting their tax returns. Assistant Commissioner Tim Loh said the ATO have adjusted more than 70% of the 2019–20 returns sel...
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COVID-19 business support and disaster payments to be tax-free
August 5, 2021
The Government has introduced the Treasury Laws Amendment (COVID-19 Economic Response No. 2) Bill 2021 to make payments received by eligible businesses under certain COVID-19 business supp...
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Vic Government grant programs declared tax exempt: legislative instrument
July 23, 2021
The Government on 20 July 2021 with effect from 21 July, registered the Income Tax Assessment (Eligible State and Territory COVID-19 Economic Recovery Grant Programs) Amendment Declaration ...
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Not all donations are tax deductible: ATO warns
July 23, 2021
The ATO on 14 July 2021 issued a release reminding taxpayers to make sure they have a record of the donations they are claiming this tax time.
According to the ATO, nearly two thirds of...
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ATO data-matching program for lifestyle assets
July 23, 2021
The ATO has issued a notice that it will acquire lifestyle assets data from insurance policies for about 300,000 individuals each year for the period 2020-21 to 2022-23. The data matching ...
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Foreign-incorporated companies: transitional compliance approach extended
July 15, 2021
The ATO has extended until 30 June 2022 (or 31 December 2021 for early balancers) the transitional compliance approach set out in PCG 2018/9 for companies that treated themselves as non-re...
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