From a strictly legal point of view, an agency arrangement is simply one where one person (the agent) is given the authority to act on behalf of another person (the principal). The important point though is that in a true agency arrangement, whatever the agent does under the arrangement will bind the principal.
The subject of our discussion in last month’s FBT article was the primarily work use requirement of a laptop computer for purposes of the section 58X exemption. Another aspect is whether the scope of such exemption extends to include costs incidental to its primary work use.
Australia Health pays Motor Vehicle Registration renewals to Australia Transport for the many hundreds of vehicles it operates. The renewal notices include a CTP Insurance Information and Premium Offer document (the document) from the CTP insurer. This Offer document is almost identical to Tax Invoices received from the insurer, but these are not received by […]
The court has recently confirmed that the Taxation Administration Act 1953 (which deals with time limits for claiming tax refunds) applies to refunds of unclaimed input tax credits. In the case of Australian Leisure Marine Pty Ltd and FCT a taxpayer was denied additional input tax credits (ITCs) relating to creditable importations because the claim […]