Category Archives: Uncategorized

A Forgotten Deed of Arrangement

Case Title:About Life Pty Ltd v Maddocks Lawyers [2021] NSWSC 1370 (28 October 2021)  Court:Supreme Court of New South Wales  Date of Orders:28 October 2021  Parties:About Life Pty Ltd (1st Cross-Claimant)   Tammie Phillips (2nd Cross-Claimant)   Michael Green (3rd Cross-Claimant)   Thomas Beecroft (4th Cross-Claimant)   Maddocks Lawyers (Cross-Defendants)   This is a professionalContinueContinue reading “A Forgotten Deed of Arrangement”

Dominguez, t/as Jim’s Cleaning Ambarvale v Jim’s Group Pty Ltd t/as Jim’s Group Pty Ltd [2023] NSWSC 913 (4 August 2023)

August 15, 2023 Hearing Date: 20 March 2023 Date of Orders: 04 August 2023 Category: Principal Judgment Parties:Miguel Dominguez, t/as Jim’s Cleaning Ambarvale (Plaintiff)Jim’s Group Pty Ltd t/as Jim’s Group Pty Ltd (Defendant) This matter essentially concerns a disgruntled franchisee who brought a Statement of Claim against their Franchisor, claiming  an amount of $20,000,000.00 forContinueContinue reading “Dominguez, t/as Jim’s Cleaning Ambarvale v Jim’s Group Pty Ltd t/as Jim’s Group Pty Ltd [2023] NSWSC 913 (4 August 2023)”

Australian Taxation Office (ATO): Operation Protego Enforcement Action

September 11, 2023 The Australian Taxation Office’s ‘Operation Protego’ was established to combat GST fraud activity. Mr Justin McCormick, from Perth WA has been sentenced in Perth District Court to two year’s imprisonment (parole after 21 months) after he was found to have obtained almost $110,000 in fraudulent GST funds contrary to s134.2 of theContinueContinue reading “Australian Taxation Office (ATO): Operation Protego Enforcement Action”

Electronic Sales Suppression Tools

The Australian Taxation Office (ATO) Serious Financial Crime Taskforce (SFCT) is warning businesses about the supply and usage of Electronic Sales Suppression Tools (ESST’s). ESST software is used to under-report taxable income and to avoid paying tax. It can be connected to a point-of-sale (POS) system and can delete or reconfigure transactions. It also hasContinueContinue reading “Electronic Sales Suppression Tools”

Vanderstock & Anor v State of Victoria [2023] HCA 30

October 25, 2023 In a High Court landmark decision (4:3 majority), it was ruled that the Zero and Low Emission Vehicle Distance-based Charge Act 2021 (Vic) (“ZLEV Act”) as a duty of excise within the meaning of s90 of the Constitution, and therefore invalid as it was unconstitutional, as only the commonwealth has this taxing power. InContinueContinue reading “Vanderstock & Anor v State of Victoria [2023] HCA 30”

Tax Rates 2023-24 and 2024-25 (Australian Residents)

June 17, 2024 Austrlaian resident tax rates in Australia for the 2023-24 and 2024-25 financial years are as follows: Taxable incomeTax on this income0 – $18,200Nil$18,201 – $45,00016c for each $1 over $18,200$45,001 – $135,000$4,288 plus 30c for each $1 over $45,000$135,001 – $190,000$31,288 plus 37c for each $1 over $135,000$190,001 and over$51,638 plus 45cContinueContinue reading “Tax Rates 2023-24 and 2024-25 (Australian Residents)”

Do you have a Loan from a Private Company (Including Your Own)?

June 17, 2024 If you have an outstanding loan from a private company at the time of the company’s lodgement date, you will need a complying Division 7A loan agreement to be in place. The agreement needs to set out the minimum yearly payments required, made up of principal and interest. Payments need to commenceContinueContinue reading “Do you have a Loan from a Private Company (Including Your Own)?”

New Administrative Review Tribunal (ART)

October 15, 2024 The new Administrative Review Tribunal (ART) replaces the Administrative Appeals Tribunal (AAT). It began its operations on the 14th October 2024. The Government is promoting the new Tribunal as ‘user-focused, accessible, independent and fair’. Changes include: more resources for dealing with matters efficiently; consideration to be given to accessibility and user needsContinueContinue reading “New Administrative Review Tribunal (ART)”

Tax Payer Alert: Early Stage Investor Tax Offset Unlawfully Claimed

January 15, 2025 The Australian Taxation Office (ATO) has issued a tax payer alert in response to a new tax avoidance scheme being promoted in the community. Main points of the scheme as stated by the ATO are: An investment opportunity in a start-up company is promoted to individuals by the scheme operators; Investors toldContinueContinue reading “Tax Payer Alert: Early Stage Investor Tax Offset Unlawfully Claimed”