News & Info

TAI's Annual General Meeting will be held 27 February 2012, please refer to Notice of Meeting and other documents.

The latest publication releases from the ATO.

View a summary of recently released and withdrawn Tax Rulings, Determinations and Interpretative Decisions.

The Tax Office has introduced a new electronic form that will improve the process for consolidating lost superannuation accounts.

Following announcements made in the 2011-12 Budget, the government has recently released Exposure Draft legislation and explanatory material for consultation which would remove access to the trading stock exception to the capital gains tax (CGT) primary code rule for certain assets owned by a complying superannuation entity.

The government has recently released Exposure Draft legislation and explanatory material for consultation which seek to amend the Income Tax Assessment Act 1997 to disallow deductions against taxable government assistance payments that are eligible for a rebatable benefit from 1 July 2011.

View a summary of recently released and withdrawn Tax Rulings, Determinations and Interpretative Decisions.

During this month, the Tax Office will write to some taxpayers who have reported personal services income (PSI) and may have incorrectly self-assessed themselves as conducting a personal services business (PSB).

In a recent Media Release, the Tax Practitioners Board (TPB) has reminded BAS agents to renew their registration by 29 January 2012 to continue operating legally.

The Tax Office has recently provided information in relation to its credit and debit card data matching program designed to identify taxpayers who may be participating in the cash economy.