Publications & News
Commercial and Industrial Property Tax Reform – What does it actually mean?
The reform will implement change progressively from 1 July 2024 and will look like this: This reform presents an enormous change in future transaction costs and could have huge implications on vendor and purchaser decision making – ensuring you have the right advice is critical so please get in touch if there are any gaps at all in your understanding of the changes or if you think you might benefit from some advice before your...
DEATH AND TAXES – Do you have to lodge a tax return for a deceased estate?
Assets can include shareholdings, unpaid present entitlements from trusts, real property (including rental income) and personal property (such as collections – cars / coins / art). Subject to the wishes of the Deceased, some of these assets may need to be sold, transferred to beneficiaries, or held on trust. Until assets are transferred to beneficiaries, they may continue to produce an income for the estate. Any tax return lodged for an estate is called a...
Payroll Tax – Medical Centres and Contracted Practitioners
The recent SRO Ruling (PTA-041) on 11 August 2023, confirms the SRO’s stance on the payroll tax obligations of medical centres including “dental clinics, physiotherapy practices, radiology centres and similar healthcare providers who contract with medical, dental and other health practitioners or their entities (‘practitioners’) to provide patients with access to the services of practitioners” Part 3, Division 7 of the Payroll Tax Act 2007 (Vic) states that if a...
New Limitations On Fixed Term Employment Contracts – Employers need to know what they don’t know!
As of today (6 December 2023), there will be new rules that impact the use of fixed term employment contracts. These are the final changes to come into force as part of the Fair Work Legislation Amendment (Secure Jobs Better Pay) Act 2022, which passed on 2 December 2022. The changes which commence today not only limit Employer’s use of fixed term contracts but may result in employees automatically converting to ongoing permanent employment. CHANGES...
