When a trustee of a trust makes a decision to create an entitlement to income of the trust …

The ATO has recently issued approximately 30,000 Division 293 assessments for the 2018/19 and 2019/20 financial years.
Due to …

The Government has passed legislation renewing the temporary relief that allows companies to use technology to meet regulatory …

The Division 7A benchmark interest rate for the 2022 income year remains unchanged from the 2021 rate of …

Under a complying Division 7A loan from a private company, the borrower must make minimum yearly repayments (‘MYR’) …

The Government has made another determination extending the timeframe within which companies can hold meetings electronically and enabling …

The ATO has announced some limited relief for private companies that have loans to their shareholders or related …

The ATO has updated a number of rates and thresholds on their website, including the following.
Division 7A – …

The Government has released a consultation paper outlining proposed reforms to ‘simplify’ the loan agreements that are generally …

The Government has announced a package of reforms to tackle illegal phoenix behaviour.
By way of background, phoenixing occurs …