Tax Administration February 2016

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Running Time: 14:59

Date: 01/02/2016

  • High Court: No duty on liquidators to retain funds to pay CGT until assessment issued: FCT v Australian Building Systems Pty Ltd (in Liq)
  • ATO may ask for security for GST payments: Keris Pty Ltd v DCT
  • Cloud-based tax preparation services:  TPB(I) D30/2015
  • Confidentiality of client information: financial advisers: TPB(I) D31/2015
  • Foreign investor agricultural land registration deadline extended:  ATO announcement
  • Tax agent re-registration denied – not a fit & proper person: Gylman v TPB
  • Payments from overseas company to resident companies were loans, not shams: Normandy Finance v FCT
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Peter McGinty, Chartered Accountants Australia and New Zealand