Discussion Paper Released on Tax Concessions for Not-for-Profits

Recently, the not-for-profit sector Tax Concession Working Group ("Working Group") released a discussion paper, "Fairer, simpler and more effective concessions for the not-for-profit sector" to stimulate debate and feedback on the...

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Federal Government Announces its Choice of Tax Initiatives for the Finance Industry

The Federal Treasurer announced today that the Government will not proceed with a number of proposed initiatives which had been announced by the former Labor Government as part of the 2013-14 Budget. Among the initiatives which...

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Magic Pudding – the ACNC’s Implementation Report

On 12 June, the Australian Charities and Not-for-Profits Commission Implementation Taskforce released its Implementation Report, setting out the ACNC’s regulatory approach in five key action areas. These five areas are. These...

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New Limited Australian Financial Services Licence (AFSL)

A new form of financial advice licence will allow accountants to become licensed and able to provide a much broader range of financial advice than they have previously been able to. Licensees will be able to advise on self-mana...

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The sting for General Counsel in the James Hardie decisions – Shafron v ASIC and ASIC v Hellicar

On 3 May 2012, the High Court handed down two important decisions in the matters of Peter James Shafron v ASIC [2012] HCA 18 and ASIC v Meredith Hellicar & Ors [2012] HCA 17. Both decisions deal with company officers’ du...

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Through the Looking Glass – Notes on Privacy

Never think your personal information is safe. The Australian Information Commissioner recently released case notes on investigations concerning privacy-related complaints that illustrate the application of the Privacy Act in n...

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