News and PublicationsView All

Proposed new exemption from work test for superannuation contributions by over 65s
12 November 18
The government has released draft legislation that provides more scope for contributions to superannuation once someone has turned 65. Generally, the trustee of a superannuation fund can only accept a contribution for someone who has turned 65 (and is under 75) if they satisfy the work test in the year of the contribution (worked at least 40 hours in a consecutive 30-day period).
Calls to tender for further coal seam gas exploration acreage opened by QLD Government
08 November 18
Natural Resources, Mines and Energy Minister Anthony Lynham has announced the Queensland Government has opened up for exploration a further 6,600 square kilometres of land with coal seam gas potential. Tenders are open until 28 February 2019 for companies to bid on the right to explore the land in Southern Queensland, west of Chinchilla in the Bowen and Surat basins.

Upcoming EventsView All

Townsville – Capital or revenue – is the ATO moving the line in their draft guidance on property development?
14 November 18
When a landowner sells a property, the income tax treatment will generally fall into either capital account or revenue account.
Cairns – Capital or revenue – is the ATO moving the line in their draft guidance on property development?
15 November 18
When a landowner sells a property, the income tax treatment will generally fall into either capital account or revenue account.