It is a relief to note that no new major superannuation measures were contained within the Budget. Given the announced changes set to start on 1 July 2017 (refer below), this is not a surprise, however, given the tinkering with Superannuation in recent years nothing should be unexpected.
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Following a recent high court decision, the Australian Tax Office (ATO) has made changes to the rules around the residency test for foreign incorporated companies.
There is a growing trend for food and hospitality businesses to utilise an employee’s personal credit card in the payment of everyday business expenses, in order to accumulate customer loyalty points through a customer loyalty program (e.g., Qantas frequent flyer points).