, ,

Sladen Snippet - Additional stamp duty trigger for option agreements

, ,
Sladen Snippet - Additional stamp duty trigger for option agreements

As part of the Victorian State Budget, a number of stamp duty changes have been proposed, many of which have received significant media attention (including the abolition of the off the plan duty concession for investors, the abolition of stamp duty for some first home buyers, and the removal of the blanket duty exemption for transfers between spouses).

,

Sladen Snippet – ATO to extend transitional period for new SMSF TBAR reporting regime

,
Sladen Snippet – ATO to extend transitional period for new SMSF TBAR reporting regime

As reported in our previous Sladen Snippet, the Australian Taxation Office (ATO) is currently developing a new self managed superannuation fund (SMSF) event based reporting regime to be called the Transfer Balance Account Report or TBAR.

Sladen Snippet – Are actuarial certificates required if a pension is commuted on 30 June 2017

Sladen Snippet – Are actuarial certificates required if a pension is commuted on 30 June 2017

Self managed superannuation funds (SMSFs) are not required to obtain an actuarial certificate if 100% of the SMSF is in “pension phase” for 100% of the year. That is, the SMSF uses the segregated method for the whole year. But what happens for SMSFs that use the segregated method for the 2017 year but, because of the transfer balance cap measure, have to commute back their pensions to $1.6 million by 30 June 2017?

Fair Work Commission hands down Annual Wage Review Decision and Penalty Rates Transitional Arrangements Decision

Fair Work Commission hands down Annual Wage Review Decision and Penalty Rates Transitional Arrangements Decision

The Fair Work Commission (FWC) has just handed down 2 significant decisions, namely the Annual Wage Review decision and the rollout of the decision to reduce Sunday and Public Holiday penalty rates in select awards. These decisions will have implications for employers from 1 July 2017.

Sladen Snippet - further changes to TRISs – qualifying for retirement phase and the cost base reset

Sladen Snippet - further changes to TRISs – qualifying for retirement phase and the cost base reset

The Treasury Laws Amendment (2017 Measures No. 2) Bill 2017 has been tabled in Parliament. The Bill proposes to make two important changes to transition to retirement income streams (TRISs). Firstly, to allow certain TRISs to qualify for “retirement phase” and, secondly, to ensure TRISs qualify for the cost base reset.