The ACNC has announced they it will begin reviewing charities to check their entitlement to charity registration and for deductible gift recipient (DGR) status. The reviews will commence in July 2020, with approximately 500 charities to be reviewed each year. Public Benevolent Institutions The initial review will focus on Public Benevolent Institutions (PBIs). Most PBIs […]
We are living through an extraordinary period. Never before have we seen such intervention to deal with a health threat. Every member of society is impacted as result of Covid-19 and the financial impact is far reaching. In order to assist individuals and businesses the Federal and State Governments have released stimulus packages to defray […]
The bill to allow an amnesty on late or unpaid superannuation contributions has now received royal assent as of 6 March 2020. This will allow employers to voluntarily disclose to the ATO late or unpaid amounts. The amnesty will apply for six months after date of royal assent and can be used for superannuation contributions […]
If you own a sizable block you may be considering subdividing the block to generate some cash. This could be by selling off the backyard, or restructuring the property to fit multiple buildings to be sold separately. If you are thinking of subdividing your main residence, make sure that you are are mindful of all […]
Managing the administration of a deceased estate during a time of grieving can be overwhelming. As the executor of the estate you may be wondering where to begin. The executor is responsible for managing and protecting the assets of the deceased until those assets have been passed on to the beneficiaries. The executor must avoid […]
One issue that is creating discussion for many schools is the requirement for employers to pay superannuation guarantee contributions on annual leave loading amounts. The ATO recently reiterated their position that these leave loading payments are generally considered to be part of an employee’s ordinary time earnings (OTE). We outlined in our recent ‘Update on […]
The Treasury Laws Amendment (Enhancing Whistleblower Protections) Act 2019, which received Royal Assent in March 2019, aims to encourage appropriate whistleblowing, improve the protections for whistleblowers and make employers accountable for protecting whistleblowers. The new requirements The new regime began on 1 July 2019, and includes amendments to the Corporations Act 2001 (Cth). This applies […]
The Australian Taxation Office has now released the final version of its ruling on the ‘in Australia’ tests for DGRs and tax exempt entities. There is a different test for DGRs than for tax exempt entities. DGRs For DGRs, there is a requirement that the fund, authority or institution be ‘in Australia’. The term ‘in […]
Saward Dawson acknowledges the Traditional Custodians of the land on which we work and we pay our respects to Elders past and present.
Level 1, 20 Albert Street, Blackburn VIC 3130
PO Box 1212, Blackburn North VIC 3130
contact@sawarddawson.com.au | +61 3 9894 2500
Liability limited by a scheme approved under Professional Standards Legislation.
