Month: March 2025 AWST
Australian Tax Residency for International Assignments
From au.andersen.com: Jeremy Quy, an Australian citizen who worked in Dubai from 2016 to 2020, sought to clarify his Australian tax residency status, leading to a legal battle with the ATO.… read more
R&D deadline 30 April 2025
From www.bdo.com.au: As the end of the 2025 financial year approaches, organisations must ensure their R&D documentation is thorough and their claims are made under the correct entity to comply with ATO guidelines.… read more
NSW moves to reduce psychological injury claims
From www.themandarin.com.au: The NSW government is introducing new legislation that requires claimants of psychological injury to validate their cases before a dedicated judicial bench at the NSW Industrial Relations Commission before pursuing compensation.… read more
Windows 11 will soon let you know why your PC hardware sucks
From www.theverge.com: Microsoft is developing a feature for Windows 11 that will provide users with information on how insufficient GPU or RAM may affect their PC performance.… read more
Federal Court upholds AFCA decision on BDBN
From www.smsfadviser.com: The Federal Court has upheld an Australian Financial Complaints Authority decision that recognised cliams by the deceased member’s children over his estranged wife regarding the distribution of his superannuation benefits, which lacked a binding death benefit nomination.… read more
AICD submission to AASB on simplifying NFP Reporting
From www.aicd.com.au: The Australian Institute of Company Directors has made a submission to the Australian Accounting Standards Board seeking simplification of the not-for-profit financial reporting framework, supporting the introduction of a simplified Tier 3 Standard.… read more
How investors with US shares should respond to tariffs
From morningstar.com.au: Investors with US shares are advised to focus on market fundamentals and valuations amidst tariff uncertainties and market volatility.
The guidance includes favouring value stocks over growth, considering small-cap stocks, and understanding the potential impact of tariffs on specific sectors.… read more
Boardroom Brief Week Commencing 17 March 2025
From gtlaw.com.au: This week’s boardroom briefing provides crucial updates for non-executive directors on key matters including legal actions against payday lenders, market manipulation charges, and the Takeovers Panel’s decision on Benjamin Hornigold Ltd.… read more
How to Create Value from ESG: A blueprint for private equity
From alvarezandmarsal.com: Private equity firms can significantly boost performance and value creation by implementing strong ESG practices.
This involves integrating ESG considerations early in due diligence, establishing robust ESG frameworks within portfolio companies, and aligning investment strategies with evolving sustainability standards.… read more
Mass General Brigham is Redefining ROI
From alvarezandmarsal.com: Mass General Brigham, the largest employer in New England and the world’s biggest medical research organization, is redefining ROI to align with its mission of improving human health.… read more
New tax clinic from University of Wollongong
From www.uow.edu.au: The University of Wollongong launched a new Tax Clinic on March 18, 2025, aimed at providing free tax assistance to individuals in the Illawarra and South Coast experiencing hardship.… read more
Will Treasurer kill bracket creep?
From switzer.com.au: Treasurer Jim Chalmers has the opportunity to address the issue of bracket creep by implementing tax indexation, which would prevent inflation from pushing taxpayers into higher tax brackets.… read more
Stamp of Approval: – Section 274 of the Duties Act NSW
From jmalegal.com.au: Bruce and Rhonda, a couple in their 80s, intended to transfer their farmland into a trust for the benefit of their daughter Sally and her five children after Bruce’s passing, but encountered complications with Section 274 of the Duties Act.… read more