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Sladen Snippet - Legislation released for welcome superannuation changes

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Sladen Snippet - Legislation released for welcome superannuation changes

As previously discussed here, the May 2021 budget announcements included a number of changes aimed at increasing flexibility in the superannuation system. Some of these key changes have now been introduced to Parliament as part of the Treasury Laws Amendment (Enhancing Superannuation Outcomes For Australians and Helping Australian Businesses Invest) Bill 2021 (Bill).

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Windfall Gains Tax

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Windfall Gains Tax

Thomas Abraham, Senior Associate at Sladen Legal discusses the newly introduced Windfall Gains Tax in Victoria. The video outlines some key features of the new tax as well as discusses key variations to the tax as compared to when it was initially announced by the Victorian Government.

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A guide to understanding Land Tax Part 6: Principal place of residence exemption

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A guide to understanding Land Tax Part 6: Principal place of residence exemption

In this Part 6 in our series of articles on land tax we examine the principal place of residence (PPR) exemption and the requirements to satisfy the exemption under the Land Tax Act 2005 (Vic) (LTA).

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Sladen Snippet – TD 2021/D5 genuine disposal restrictions in employee share schemes

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Sladen Snippet – TD 2021/D5 genuine disposal restrictions in employee share schemes

Whether an employee has genuine restrictions on disposing of an option/right or share issued under an employee share scheme (ESS) can determine whether tax can be deferred, and until when, under the ESS.

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Sladen Snippet - Company Director Identification Numbers are Here

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Sladen Snippet - Company Director Identification Numbers are Here

The time to apply for a director identification number (Director ID) is almost upon us. Under the 2020 Budget Digital Business plan, the Federal Government announced the establishment of the new Australian Business Registry Services (ABRS).

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Windfall Gains Tax - legislation released – certain concessions granted

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Windfall Gains Tax - legislation released – certain concessions granted

In line with the 2021/22 Victorian Budget announcements and following targeted consultations with various stakeholders, the Victorian Government has recently tabled a Bill to introduce the windfall gains tax - Windfall Gains Tax and State Taxation and Other Acts Further Amendment Bill 2021 (Bill).

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Legal Professional Privilege in the spotlight

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Legal Professional Privilege in the spotlight

Legal professional privilege (LPP) has once again become a topic of significant interest following the recent Full Federal Court decision of CUB Australia Holding Pty Ltd v FCT [2021] FCAFC 171 (CUB Decision) and the release of the draft LPP protocol from the Australian Taxation Office (ATO).

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Sladen Snippet - Retirement income covenant will not apply to SMSFs

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Sladen Snippet - Retirement income covenant will not apply to SMSFs

On 27 September 2021 the government released exposure draft legislation to introduce a retirement income covenant (Draft Bill).

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Taxpayer Alert TA 2021/2 – undeclared foreign income – ATO declares war

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Taxpayer Alert TA 2021/2 – undeclared foreign income – ATO declares war

In 2014, the Australian Taxation Office (ATO) undertook the high-profile amnesty – Project DOIT – that allowed Australian taxpayers to voluntarily disclose (undeclared) offshore income in return for a range of ATO administrative concessions on the period-of-review, penalties, and shortfall interest.

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Use of Shareholder Agreements in Succession Planning

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Use of Shareholder Agreements in Succession Planning

This paper explores the role of shareholder agreements in assisting with achieving estate and succession planning objectives for wealthy families.

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A Guide to Understanding Land Tax: Part 7 - Primary Production Exemption

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A Guide to Understanding Land Tax: Part 7 - Primary Production Exemption

This is part 7 of our Land Tax Series which aims to deconstruct the various aspects of the complex land tax legislation.

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A guide to understanding Land Tax Part 8: Charities, sporting clubs, not for profits and other exemptions

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A guide to understanding Land Tax Part 8: Charities, sporting clubs, not for profits and other exemptions

In this Part 8 in our series of articles on land tax we examine the charities exemption as well as some other exemptions under the Land Tax Act 2005 (Vic) (LTA).