18 Mar 2021 Corporate and commercial Allocation of profits by professional firms - draft guidelines released Finalised guidelines will apply from 1 July 2021 although transitional provisions may apply to arrangements entered into before 14 December 2017.
6 Nov 2020 Corporate and commercial Change to foreign capital gains withholding obligations for mortgagees exercising power of sale Many mortgagees selling land under a power of sale will no longer be required to apply for a variation of the foreign capital gains withholding amount after the issue of a legislative instrument by the Deputy Commissioner of Taxation.
25 Oct 2020 Corporate and commercial New stamp duty exemption for small business restructures in Queensland The Queensland Office of State Revenue has introduced an administrative arrangement which exempts certain restructures involving small businesses from transfer duty and vehicle registration duty.
13 Oct 2020 Corporate and commercial What is an active asset for the small business CGT concessions? Full Federal Court finds that the definition of active asset for the small business capital gains tax (CGT) concessions should be given a broad meaning in Eichmann v Commissioner of Taxation [2020] FCAFC 155
13 Oct 2020 Transport and logistics Restructuring and insolvency Virgin administration leads to consideration of Cape Town Convention obligations A useful summary for aviation industry, finance and insolvency practitioners of the Full Court of the Federal Court's decision in VB Leaseco Pty Ltd (Admin Appointed) v Wells Fargo Trust Co, National Association [2020] FCAFC 168.
17 Sep 2020 Corporate and commercial ASX announces latest update to COVID-19 Class Waivers Listed entities need to be aware of the latest changes to temporary emergency capital raising relief announced by ASX on 15 September 2020.
10 Sep 2020 Corporate and commercial Turning over the leaf: TGA hands down its interim decision on CBD scheduling Over-the-counter access to CBD in Australia is one step closer following TGA's announcement.
5 Aug 2020 Transport and logistics Corporate and commercial Banking and finance Get on board - bitesize legal insights for the transport sector Get on board - bitesize legal insights for the transport sector
26 Jun 2020 Corporate and commercial One centralised business information register and director identification numbers Royal assent has recently been received for a legislative package consisting of five bills...
23 Jun 2020 Corporate and commercial What is the nature of a partner's interest in partnership property? High Court confirms that a partner's interest in partnership property before the partnership is wound up is an equitable interest under a unique trust, which is different from a fixed trust.