Category Archives: Business

Missed a flight? You’ve missed the GST claim too.

In a decision handed down yesterday [Thur 1.9.2011], the Full Federal Court has unanimously upheld the taxpayer’s appeal in holding that it was not liable for GST on amounts received from passengers who booked and paid for domestic airline travel, … Continue reading

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FAQ: The Clean Energy Legislation

What is the Carbon Pricing Mechanism? The Carbon Pricing Mechanism (CPM) is a mechanism by which businesses pay a charge for each tonne of carbon pollution they emit each year.  The following industries will be covered by the CPM: Stationary … Continue reading

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DIRECTOR PENALTY NOTICES TO INCLUDE UNPAID SUPERANNUATION

In the recent 2011 Federal Budget, the Government made its intentions clear in dealing with “phoenix activities” by Directors. The term “phoenix activities” is commonly used to describe arrangements whereby a company incurs, but does not pay, various liabilities whilst … Continue reading

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