Greenwoods & Freehills Weekly Tax Highlights - Week Ended 13.11.09
ATO Documents
Released 11.11.09
Class Ruling New Interpretative Decisions The Government has registered the Tax Agent Services Regulations 2009 and the associated explanatory statement on the Federal Register of Legislative Instruments. The Regulations prescribe the qualifications and relevant experience requirements for registration as a tax agent and a BAS agent. The Regulations also list the obligations of the Commissioner of Taxation to provide administrative assistance to the Tax Practitioners Board.
CR 2009/63: Income tax: Proposed return of capital: Forrestfield & Districts Community Financial Services Limited
Released 13.11.09
ATO ID 2009/132: Administrative penalty: failure to withhold from royalty payments to a French resident
ATO ID 2009/133: PAYG withholding: penalty for failure to withhold - objection rights
ATO ID 2009/134: Capital Works: your area - tax law partnership
ATO ID 2009/135: Capital Allowances: hold - tax law partnership
ATO ID 2009/136: Convertible debentures and tainted share capital accounts
Tax Agent Regulations
Released 13.11.09
Progress of Legislation
As at 13.11.09
|
Bill |
Explanatory Memorandum |
Intro House |
Passed House |
Intro Senate |
Passed Senate |
Date of Royal assent / Act Number |
Description |
|
Carbon Pollution Reduction Scheme (Consequential Amendments)No 2 Bill 2009 |
22.10.09 |
|
|
|
|
Carbon Production Reduction Scheme, Income Tax And GST Treatment | |
|
Customs Tariff Amendment (2009 Measures No 1) Bill 2009 [No 2] |
22.6.09 |
22.6.09 |
23.6.09 |
13.8.09 |
27.8.09/74 |
Bill to increase the customs duty rate applying to certain alcoholic beverages | |
|
Excise Tariff Amendment (2009 Measures No 1) Bill 2009 [No 2] |
22.6.09 |
22.6.09 |
23.6.09 |
13.8.09 |
27.8.09/73 |
Bill to increase the excise rate applying to certain alcoholic beverages | |
|
21.10.09 |
|
|
|
|
Bill to increase the excise rate applying to certain alcoholic beverages | ||
|
19.3.09 |
16.9.09 |
17.9.09
|
17.9.09
|
8.10.09/105 |
Tax Information Exchange Agreement: British Virgin Islands and Isle of Man | ||
|
Tax Agent Services (Transitional Provisions and Consequential Amendments) Bill 2009 |
24.6.09 |
27.10.09 |
29.10.09 |
29.10.09 |
|
Employee Share Schemes | |
|
25.6.09 |
7.9.09 |
8.9.09 |
10.9.09 |
18.9.09/88 |
R&D, Prescribed private funds, Demutualisation of friendly societies, Consolidation | ||
|
21.10.09 |
|
|
|
|
Employee Share Schemes, Non-Commercial Losses, Lost Superannuation | ||
|
Tax Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2009 |
28.5.09 |
4.6.09 |
15.6.09
|
15.6.09
|
23.6.09/41 |
Medicare Levy and Medicare Levy Surcharge | |
|
27.8.08 |
13.10.08 |
14.10.08
|
3.2.09
|
|
Removes Tax Deductibility of Political Donations, GST | ||
|
16.9.08 |
29.10.09 |
|
|
|
GST, PAYG Instalments, Bushfire Appeal |