Investing for your future has just had a shot in the arm with confirmation that additional amounts can be invested into superannuation from 1 July 2014. The Australian Taxation Office updated the contribution caps on its website this week confirming the increase.
Where a Responsible Entity (RE) for a hedge fund or fund of hedge fund offers product to retail investors in Australia, ASIC has released RG 240 (effective 1 February 2014) which requires greater disclosures to be made by RE’s.
Following the election of the Abbott Coalition Government in September, there has been some confusion around the status of impending tax changes announced by the previous Labor Government. Some of those announced changes had yet to be legislated. We summarise the status of some of those announcements, as well as...
In the second edition of our tax consolidation refreshers we consider the Allocable Cost Amount (ACA) process. In essence the ACA process is designed to replicate the accounting fair value approach and remove certain anomalies that would otherwise arise when determining whether to acquire a business (i.e. assets) or a company.