Monthly Archive: July 2012
ATO 2012-2013 Compliance (Audit) Programme
July 20, 2012Date issued: 19 July 2012 Soldiers, plumbers, information technology (IT) managers and small coffee shop proprietors will be among those under the microscope as part of the ATO’s 2012–13 Compliance Program. This year’s program will focus on occupations which generate high numbers of work-related claims, wealthy individuals and businesses with high numbers of cash transactions,…
Read moreDirector liability law changes
July 13, 2012On 29 June 2012, the Tax Laws Amendment (2012 Measures No. 2) Act 2012 received royal assent with retrospective effect. Generally, the Act: Extends the director penalty regime to make directors personally liable for their company’s unpaid superannuation guarantee amounts. This also leads to other new changes allowing for similar provisions to arise in respect…
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