By

David Welsh
India-Australia and United Kingdom – Australia Trade Agreements The India-Australia and United Kingdom-Australia Free Trade Agreements were passed by the Australian Parliament this month.
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Director ID deadline is approaching   The Government has launched an awareness campaign to help company directors get their director identification number (‘director ID’) as the 30 November deadline approaches.
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The October Budget, delivered on October 25th has brought a number of changes to the migration program, and its administration through the Department of Home Affairs, with some of these changes being announced before the Budget.
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Banking business income to a private account   The ATO has stated that it has “no concerns” with business owners banking their business takings or other sales in private accounts, but that this may become an issue when this income isn’t reported.
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More COVID-19 business grants are now tax-free   The Federal Government has expanded the list of State and Territory COVID-19 grant programs that may be tax-free to eligible businesses.
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Recent Changes to State/Territory Migration Programs   Tasmania The Tasmanian Skilled Migration State Nomination Program has been opened recently on an interim basis to ‘Gold and Green’ pass candidates. All candidates who qualify will need to seek an invitation from Migration Tasmania before they can apply for nomination.
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State and Territory Nomination Programs Opening   We have recently received information that the State and Territory governments have been given an interim allocation for state nominations.
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Tax time focus on rental property income and deductions   The ATO is focusing on four major concerns this tax season when it comes to rental properties.
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Starting from 1 November 2021, company directors including foreign directors are required by law to apply for a director identification number (director ID) following legislation passed by the government.
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