The Latest News

Core Skills Occupation List – JSA draft and consultation Jobs and Skills Australia (JSA) has opened consultation on the new Core Skills Occupation List (CSOL).
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Government warns of ‘malicious’ myGov scammers   The Government has urged Australians to be vigilant regarding scammers who target ATO log-in details to commit tax fraud.
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How to claim working from home expenses   Taxpayers who have been working from home this financial year, and who consequently incurred work-related expenses, have two ways to calculate their work from home deduction
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Ministerial Direction 106 – Assessing the Genuine Entry and Stay requirements for Student visa and Student Guardian visa applications   This Direction complements changes to criteria for the grant of a Subclass 500 (Student) visa made by the Migration Amendment (Subclass 500 Visas) Regulations 2024 and provides guidance to decision makers on what factors should be considered…
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Super contribution caps to rise   The big news story for those contributing to super is that the contribution caps are set to increase from the 2025 income year.
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Mobility Arrangement for Talented Early-professionals Scheme (MATES)   The Mobility Arrangement for Talented Early-professionals Scheme (MATES) is a new scheme, established under the Migration and Mobility Partnership Arrangement (MMPA) between India and Australia. MATES gives Indian university graduates and early career professionals the opportunity to live and work in Australia for up to two years, and…
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ATO’s lodgment penalty amnesty is about to end   The ATO is remitting failure to lodge penalties for eligible small businesses.  Businesses which have not yet taken advantage of the ATO’s lodgment penalty amnesty only have until 31 December 2023 to do so. Businesses must meet the following criteria in order to be eligible for…
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Expanding Employer Sponsored Pathways to Permanent Residence (PR)   On 11 December 2023, the Government released the long awaited Migration Strategy, a 100-page document that includes the strategy that the Government intends to implement in relation to migration into Australia. The strategy is based on 8 key actions:
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Expanding Employer Sponsored Pathways to Permanent Residence (PR)   The Australian Government has announced changes to Australia’s migration system to ensure temporary skilled workers have a pathway to PR. To support this, the Department of Home Affairs is currently working on changes to the:
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Tax issues for businesses that have received a support payment   Taxpayers who have received a government support grant or payment recently to help their business recover from COVID-19 or a natural disaster should check if they need to include the payment in their assessable income. Grants are generally treated as assessable income, and taxpayers…
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Company tax cuts pass the Senate with amendments Editor: After a marathon few days of extended sittings (the last before the Federal Budget in May), the Government finally managed to get its company tax cuts through the Senate, but it was not without compromise. The following outlines the final changes to the law, as passed…
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Changes to the ‘backpacker tax’ From 1 January 2017, tax rates changed for working holiday makers who are in Australia on a 417 or 462 visa (these rates are known as ‘working holiday maker tax rates’). If a business employs a working holiday maker in Australia on a 417 or 462 visa, from 1 January…
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Changes to the ‘backpacker tax’ From 1 January 2017, tax rates changed for working holiday makers who are in Australia on a 417 or 462 visa (these rates are known as ‘working holiday maker tax rates’). If a business employs a working holiday maker in Australia on a 417 or 462 visa, from 1 January…
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Snapshot of the ALP key tax policies Editor: The Federal Election will be the primary focus over the next few months, with many commentators predicting a possible change in Government.  As usual, tax policy is a focal point of the political debate. The table below outlines some of the key ALP tax policies of interest.…
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On 13 July 2021, the NSW and Federal Governments announced their economic support package aimed at supporting businesses and residents to deal with the recent COVID-19 lockdown.
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The Australian Government has announced its Future Made in Australia agenda which supports the development of Australia’s renewable energy sector. Based on the 2024-2025 Australian Federal Budget, the Australian Government will provide an estimated $19.7 billion worth of funding over a 10 year period to accelerate the Government’s Future Made in Australia priority industries through the…
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Government announces changes to proposed Changes ‘Stage 3’ tax cuts Despite previous assurances, and after much speculation, the Government has announced tweaks to the’Stage 3′ tax cuts that will apply from 1 July 2024. More particularly, the Government proposes to:  reduce the 19% tax rate to 16%; reduce the 32.5% tax rate to 30% for…
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Taxpayers need to get their ‘rental right’   The ATO reminds rental property owners and their tax agents to take care when lodging their tax returns this tax time.  When preparing their tax returns, taxpayers should make sure all rental income is included, including income from short-term rental arrangements, renting part of a home, and…
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