From pointonpartners.com.au: Various tax updates, including: A Victorian man received a 4-year prison sentence for fraudulently obtaining $2.4 million in GST refunds, part of the ATO’s Operation Protego targeting similar scams.
The Victorian Court of Appeal denied a primary production exemption for a taxpayer’s land due to its primary use not being agricultural, despite various uses including cultivation and agistment.
A Federal Court decision ruled on the complexities of a non-binding death benefit nomination, determining that estranged family dynamics can complicate the distribution of superannuation benefits, leading to disputes and appeals.