Latest RTO/VET News & Resources

Discretionary Trusts in NSW: The rules are changing: 'Foreign Persons', stamp duty and land tax  Discretionary Trusts, commonly known as Family Trusts have become popular for tax planning purposes. Amendments to the NSW Duties act from 31st December 2020 require...

It’s never been more important to protect your assets and to know where you can access government support. In this month’s newsletter we’ve included a number of links to support packages that your business may be eligible for. There are also some practical tips for protecting your assets.

The 2020 financial year was heavily disrupted due to COVID 19. We are definitely in different times! The future is more uncertain than usual; Governments, banks, investors, fund managers to name a few are all scrambling to get their heads around the new environment...

The ATO has introduced a superannuation guarantee amnesty. Employers that want to participate in the amnesty need to apply by 7th September 2020. If you are unable to pay the liability as a result of COVID -19 the ATO will work with you to establish a payment plan to...

2020 has been a year of unpredictable circumstances; we were all caught off guard. Now is the time to speak to your tax professional to ensure you have a plan in place to manage the changes that may affect your tax liabilities. These changes are best managed in...

On Sunday morning the Federal Government announced a further $66 billion in economic stimulus to fight the effect on the economy of the virus. This $66 billion adds to the initial $17.6 billion, the $90b from the RBA and $15b from the Federal Government to deliver support of close to 10% of GDP.

The AAT has upheld the ATO’s Super Guarantee Charge (SGC) assessment of a ‘contractor’, ordering the employer to backpay 5 years of Superannuation Guarantee; $27,272. 

The Tribunal found that he was engaged as an employee not an independent contractor under s12 of the Superannuation Guarantee Administration Act 1992 (SGAA). 

Are you aware of the new ASQA guidelines in relation to change of ownership of an RTO?  From 1st November 2019, ASQA has updated its policy around change of ownership obligations. All parties involved in the sale or merger of a provider must provide ASQA with a...