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Legislation August 2018

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Running Time: 11:05

Date: 01/08/2018

  • Personal income tax cuts pass the Senate by disagreement
  • Single Touch Payroll extended to all employers from 1 July 2019
  • Government delays the second round for Corporate tax cuts
  • Treasury Laws Amendment (Protecting your Superannuation Package) Bill 2018 introduced
  • Superannuation Amnesty Measures Bill approved by Senate Committee but opposed by ALP
  • Non-arm’s length income now covers under payment of expenses and outgoings
  • Opt-out of SGC for income earners $263,157 with more than one employer
  • Changes to new Limited Recourse borrowing arrangements
  

Topics: Accounting & Tax


Noel Baharis, Chartered Accountants Australia and New Zealand