GST ‘ GST-free child care: extension to certain childcare that is outside the ambit of s. 38-145 of the GST Act

On 5 April 2017, GST-free Supply (Child Care) Determination 2017 was registered. The Determination supersedes the GST-free Supply (Long Day Care and In-home Care) Determination 2017 which was registered on 23 March 2017. Background The Family Assistance Legislation Amendment (Jobs for Families Child Care Package) Act 2017 inserted a new streamlined s. 38-150 into the GST …

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Eligibility ‘ Foreign resident capital gains withholding payments ‘ Concession re NFP vendors

On 6 April 2017, the Legislative Instrument PAYG Withholding variation for foreign resident capital gains withholding payments – income tax exempt entities (Legislative Instrument) was registered as F2017L00390. Background Purchasers and transferees of certain types of CGT assets must withhold an amount under Subdiv 14‑D of Schedule 1 to the TAA where they acquire the asset from …

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Payroll ‘ PBR on who is an employee for Super Guarantee Purpose

This article looks at a private binding ruling (Authorisation Number: 1013103814672 – ‘the PBR’) that considers whether a person was an employee for purposes of the superannuation guarantee legislation. It deals with the status of a salesperson who receives only commission payments. The ruling usefully considers factors (and identifies associated case law) in determining whether …

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FBT Q&A ‘ When are higher education course fees ‘otherwise deductible’ for FBT purposes?

Question We have had a number of staff take on further higher education study during the FBT year. In all cases study leave under our current study leave policy has been approved, as it was accepted the course would be of benefit to the employee in undertaking their duties. Are such study costs otherwise deductible? …

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FBT Q&A ‘ Is there a fringe benefit liability for parking provided to employees who commute using motorcycles?

Question Certain car parking spaces are allocated to employees who commute using motorcycles – does this give rise to an FBT liability? Answer The Division 10A car parking fringe benefits FBT rules are predicated on the basis that a car is parked. A car is defined for FBT purposes as a motor vehicle (except a …

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GST Q&A ‘ What do we do when the ABN does not match the name of the company on the invoice?

Question We currently use the ABN Lookup to verify creditor details prior to setting the creditor up in our system. What do we do when the ABN does not match the name of the company on the invoice? We have many cases of this occurring including where the ABN is registered to a trust and …

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Categories GST