Recent Posts by halifax

ATO warns people using New Zealand Foreign Trusts, but earning Australian income

Australian individuals and businesses who use ‘New Zealand Foreign Trusts’ while earning their income from Australia are being cautioned by the Australian Taxation Office (ATO) to be careful of these arrangements as they are currently under investigation, including under Project Wickenby. Tax Commissioner Michael D’Ascenzo said the ATO had issued the warning because promoters of…
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TPB takes alleged uregistered tax agent to Federal Court

The Tax Practitioners Board (TPB) commenced proceedings on 22 May 2012 in the Federal Court, Sydney, against Mr Malcolm Campbell for alleged breaches of the Tax Agent Services Act 2009 (TASA). The TPB is seeking orders including an injunction and that Mr Campbell pay a pecuniary penalty as his conduct is alleged to contravene the…
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Private health insurance rebate and Medicare levy surcharge

From 1 July 2012, an individual’s entitlement to a private health insurance rebate will be income tested. These changes are for the 2012-13 financial year. Taxpayers will not be entitled to their current rate of rebate if their income for Medicare levy surcharge purposes is either:   a single income of $84,001 or more a…
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Building industry data matching

ATO collects building industry data as part of pilot building industry suppliers data-matching project to identify and address non-compliance with tax obligations.Data obtained for the building services industry data-matching program includes: complaints information – to assist us in identifying knowledge and information gaps within the industry where education could promote more complaint behaviour licensing information…
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