Monthly Archives: September 2011

On 23 September, the Assistant Treasurer released exposure draft legislation seeking to revise the definition of the term “new residential premises” as it applies in section 40-75 of the GST law. In essence, the amendments propose to put more rules … Continue reading →

CPA Australia has released modelling of the efficiency gains from an increase in GST rates and/or broadening of the base as part of the organisation’s contribution to the Tax Forum due in October. KPMG Econtech was commissioned to undertake an … Continue reading →

The ATO produces a detailed food list that enables you to check whether an item is GST-free as food or beverage under Australia’s GST law. This “tool” is a public ruling for the purposes of the Taxation Administration Act 1953. … Continue reading →

The second issue of the Economic Roundup for 2011 contains, amongst other things: – a survey of average rates of company tax across industries; and – an examination of the rise in household savings in Australia and its implications for public … Continue reading →