News Articles

October 2017

24
Oct

New notification requirements under the privacy act

The Privacy Amendment Act 2017, for Notifiable Data Breaches, was introduced early this year as an amendment to the Privacy Act of 1988, which will see mandatory ‘eligible data breach’ notification requirements for entities regulated by the Privacy Act.

24
Oct

Clarification regarding Tax cuts for Passive Investors

As previously foreshadowed, the Government has released  Exposure Draft legislation proposing to ensure that corporate tax entities with predominantly passive income (such as rent, dividends, interest and capital gains) cannot access the lower corporate tax rate of 27.5%.

24
Oct

Food/Drink and GST – 17 years on and it is not simpler!

When GST was first introduced (in 2000) it was sold as making everything simpler. However, for those who can remember John Hewson and the birthday cake it is anything but. We look at two common food/drink items commonly served at café’s and food courts all over Australia that could be...

24
Oct

Update on Depreciation for Investment Properties

As part of the Federal Budget in May this year, the Government announced major changes to the operation of the depreciation regime, specifically in relation to residential property investors. The announced changes limit the depreciation deductions on “plant and equipment”, being any equipment that can be easily removed from the...

24
Oct

ESV's General Manager - Ashima Seth - Winner at SMSF and Accounting Awards

The achievements of ESV’s General Manager of Operations & Finance, Ashima Seth, have been recognised, as she won "Office Manager of the Year" at the inaugural SMSF and Accounting awards.